TOKYO -- Japan's Government Pension Investment Fund (GPIF), one of the world's largest institutional investors, registered a surplus for the third consecutive year, according to its investment results for fiscal 2022, announced on Friday. With headwinds in the financial markets, the surplus was driven by a rise in domestic stocks, which account for 25% of total assets.
Finance
Japan pension giant GPIF posts $20.6bn gain for fiscal 2022
Balanced portfolio allowed stock gains to offset bond investment losses
The GPIF's accumulated returns over the 22 years since fiscal 2001, when it began managing pension reserves, come to $755.11 billion. © Reuters
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