Japan fund moves away from bonds to invest more in stocks

August 6
2:33 AM 2013

Sources close to the agency that handles the pension fund for Japan's civil servants said the agency is mulling a change in its ultraconservative investment strategy. The Federation of National Public Service Personnel Mutual Aid Associations wants to make more of its US$80 billion fund available for investments in stocks and less for investments in domestic government bonds. The agency presently handles a pension fund that caters to 1.24 million active and retired public workers.

The agency's move follows a recent switch towards riskier investments by Japan's Government Pension Investment Fund, or GPIF.  Japan's GPIF is the world's largest pension fund with US$1.2 trillion in assets under management.

"The federation is expected to change the portfolio model that is heavily weighted to domestic bonds. It is considering revising its investment strategy in a way to take more risks, especially after the change by GPIF," said one of the sources in an interview with Reuters. 

© 2022 VCPOST, All rights reserved. Do not reproduce without permission.


Join the Conversation

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics