Aug
21
The World’s Biggest Pension Fund Needs the U.S. Bull Run to Last
By-
GPIF is now a top 10 shareholder in 265 firms outside Japan
- Most foreign holdings are in U.S., where FAANGs helped returns
The world’s biggest pension fund, always a giant within its home country of Japan, has been expanding its reach in other stock markets — and becoming increasingly dependent on a U.S. bull run that’s poised to be the longest in history.
The $1.4 trillion Government Pension Investment Fund has doubled its foreign shares since a strategy overhaul in 2014, and is now a top 10 holder in more than 260 companies outside Japan, according to a Bloomberg analysis of GPIF’s individual equity positions after they were released last month…
The World’s Biggest Pension Fund Needs the U.S. Bull Run to Last
