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Economy

Japan public pension fund boosts Facebook, Alibaba holdings

GPIF also posts $69.45bn profit, 5.86% investment return

Government Pension Investment Fund

TOKYO -- Japan's Government Pension Investment Fund, the world's largest public pension fund, added large amounts of Facebook shares to its portfolio in the year ended in March, according to data released on Friday.

As of March 2017, the GPIF held 12.3% more Facebook shares than a year earlier. The shares were worth a total of 325 billion yen ($2.85 billion), the fourth-largest proportion in value of all the foreign stocks held by the fund.

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