Japan’s Pension Whale GPIF Has $152 Billion Gain on Stock Rally

Japan’s Government Pension Investment Fund reported a record gain over the three months ended in June, as rallies in global and domestic stocks outweighed weakness in government bonds. The result points to supportive risk sentiment for equities even as bond performance lagged.

Analysis

Japan’s Government Pension Investment Fund reported a record gain over the three months ended in June, as rallies in global and domestic stocks outweighed weakness in government bonds. The result points to supportive risk sentiment for equities even as bond performance lagged.