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Japan's GPIF Posts $72B Return in Q4 on Global Equities Rally

TOKYO, July 7 (Reuters) - Japan's Government Investment Pension Fund (GPIF) said on Friday it made an investment gain of 10.3 trillion yen ($71.81 billion) in January-March, ending a four-quarter losing streak.

The world's largest pension fund gained 5.41% for the quarter, raising its total assets above 200 trillion yen, it said in its 2022 annual report.

Robust gains in domestic and international equity markets from January to March pushed the fund's annual return into the black to hit 2.95 trillion yen ($20.57 billion), despite losses in the first three quarters of 2022.

The fund is closely watched by global financial markets because of its enormous size.

GPIF's foreign stock portfolio posted a gain of 8.19%, while its Japanese stock portfolio gained 7.03%.

Its Japanese bond portfolio grew 2.12%, while its foreign bond portfolio gained 4.33%.

As of end-March, Japanese bonds accounted for 26.79% of its portfolio and foreign bonds accounted for 24.39%. Foreign equities accounted for 24.32% and domestic equities 24.49%.

($1 = 143.4400 yen)

Reporting by Anton Bridge Editing by Shri Navaratnam and Kim Coghill

Source: Reuters

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