Japan-based Government Pension Investment Fund has reported a 3.9 percent investment return for third quarter 2017, according to the pension fund’s third quarter of fiscal 2017 report.
GPIF reported a 3.54 return in first quarter and a 2.99 return in second quarter. The pension fund’s fiscal year ends on March 31.
At the end of third quarter 2017, GPIF has $1.44 billion. The report also stated that GPIF had an investment gain of ¥6.1 trillion ($14.4 billion) for the quarter.
In recently reported real estate news, GPIF announced its first real estate investment mandate through a fund of funds real estate mandate for a domestic core strategy, and it is expected GPIF will announce a mandate for overseas real estate in 2018. The commitment to Mitsubishi UFJ Trust and Banking was made in December 2017.
