World’s Biggest Pension Fund Adds $42 Billion as Stocks GainBy
Quarterly result comes after worst loss in data starting 2008
Declines expected to resume this year amid global equity rout
The world’s biggest pension fund posted its best quarterly gain in a year as a rebound in stocks helped add $42 billion to the value of the Japanese asset manager’s investments.
The 139.8 trillion yen ($1.2 trillion) Government Pension Investment Fund delivered a 3.6 percent return in the three months ended December as its holdings rose by 4.7 trillion yen, according to documents released Tuesday in Tokyo. That’s the biggest increase since the same period of 2014. The fund gained 3 trillion yen on Japanese stocks and 1.6 trillion yen on overseas equities, while foreign bonds were the only asset class to decline…
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