World's Biggest Pension Fund Posts Record $92 Billion Gain
Japan's Government Pension Investment Fund, the world's largest pension fund, posted a record quarterly gain of US$92 billion thanks to a rally in the country's stock market.
GPIF on Friday reported a return of 7.98% in its fiscal third quarter, which ended in December.
Its paper gain totalled 10.5 trillion yen. The fund managed 144.8 trillion yen worth of assets as of December.
Japan's benchmark Nikkei share index rallied 16% in the quarter on expectations of stronger global economic growth and as the yen weakened in the face of a surging US dollar following the election of President Donald Trump.
It edged up another 2% in January-March this year.
/Source: The Edge Markets/
March 3, 2017