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05

World’s Biggest Pension Fund Posts Record $92 Billion Gain

By Tony Seruga

Investment result for December quarter comes amid Trump rally
Japan stocks surged while drop in yen boosted overseas assets

The world’s biggest pension fund posted the biggest quarterly gain in its history as Japanese stocks surged and a plunge in the yen boosted overseas investments after Donald Trump’s election victory.

The Government Pension Investment Fund returned 8 percent, or 10.5 trillion yen ($92 billion), in the three months ended Dec. 31, increasing assets to 144.8 trillion yen, it said in Tokyo on Friday. Domestic equities added 4.6 trillion yen after the benchmark Topix index recorded its best quarterly performance since 2013, outweighing a loss on Japanese bond holdings. Foreign stocks and debt jumped as the yen fell the most against the dollar in more than two decades…

World’s Biggest Pension Fund Posts Record $92 Billion Gain

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