TOKYO -- Japan's Government Pension Investment Fund is investing in environmentally, socially and governance-oriented companies in line with three new specially designed indexes, raising hopes that other institutional money managers here will follow suit.
The country's biggest public pension fund, which reported 144 trillion yen ($1.26 trillion) in managed assets as of the end of December, had bought about 1 trillion yen in ESG stocks as of the end of June.
