Japan’s Government Pension Investment Fund (GPIF) has reported a 2.7 percent gain on its investments in the quarter ended in June, representing its fifth consecutive quarterly gain, according to Bloomberg.
The return boosted GPIF’s assets under management by ¥4.98 trillion ($45.4 billion) to a record ¥191.6 trillion ($1.7 trillion).
“The April-June quarter saw global equities rally on the back of expectations for COVID-19 vaccine rollout and economic reopening, as well as ongoing easy monetary policy by key countries,” said Masataka Miyazono, president of GPIF. “Domestically, Japanese equities slipped due to worries over resurgence of infections.”
