World’s Largest Pension Fund Sees Gain as Japan Stocks Rally

(Bloomberg) — The world’s biggest pension fund posted a gain for a third consecutive quarter, with Japanese stocks providing the best return among assets amid a global shift to value shares in September.Japan’s Government Pension Investment Fund returned 1.1%, or 1.8 trillion yen ($17 billion), in the quarter ended Sept. 30, with assets totaling 161.8 trillion yen, it said Friday in Tokyo. Domestic stocks were the fund’s best performing investment, gaining 3.3%, while foreign equities added 0.1%. The return was 1.2% for overseas bonds and 0.3% for Japanese debt.The GPIF’s results were the first since the fund announced last month …read more

Source:: Yahoo Finance


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