Nov
27
World’s Biggest Pension Fund Finds a New Best Friend in Trump
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President-elect’s shock victory provides tailwind for GPIF
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Stocks surge and the yen tumbles, benefiting giant investor
One of the world’s most conservative investors has found an unlikely new ally in one of its most flamboyant politicians: Donald Trump.
The unconventional president-elect’s victory is helping Japan’s giant pension fund in two important ways. First, it’s sending stock markets surging, both at home and overseas, which is good news for the largely passive equity investor. Second, it’s spurred a tumble in the yen, which increases the value of its overseas investments. After the $1.2 trillion Government Pension Investment Fund reported its first gain in four quarters, analysts are betting the Trump factor means there’s more good news to come…
World’s Biggest Pension Fund Finds a New Best Friend in Trump
