Japan firms that engage with investors see 6% higher market cap: GPIF

World's largest pension fund examined data from massive stock portfolio

20240522N Japan stock

A passerby walks by a signboard displaying Japanese stock prices. © Reuters

AKIRA INUJIMA, Nikkei staff writer

TOKYO -- Japanese companies that engage in dialogue with investors enjoyed a boost in market capitalization and other performance indicators, a study by Japan's Government Pension Investment Fund has found.

GPIF is the world's largest pension fund, with 224 trillion yen ($1.43 trillion) in assets under management. It analyzed exchanges between 21 external asset managers it entrusts with domestic equity investment and their target companies over roughly six years, through December 2022.

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