Japan’s GPIF records 5.4% return for the fiscal year

Japan's Government Pension Investment Fund (GPIF) has posted a 5.42 percent investment return for fiscal year 2021, bringing its portfolio size to more than $196 trillion yen ($1.4 trillion).

The pension fund reported that Russia-related assets, including in-market capitalization, at the end of March 2022 were valued at zero or memorandum value in principle, due to situations such as trade restriction against foreign investors, difficulties in settlement and exchange transaction and difficulties in access to sufficient information about trading.

The real estate portfolio was valued at $773 billion yen ($5.7 billion).