Staff
Japan’s Government Pension Investment Fund (GPIF) is considering changing its portfolio strategy to allow it to buy more domestic equities, according to Reuters.
The news agency reports that the changes “would mark the most significant revision in investment strategy for the world’s largest pension fund since 2006.”
Without the change, GPIF could be forced to sell Japanese equities because the fund can allocate only 17% of its portfolio to domestic stocks.
At the end of December 2012, 13% of the US$1.1 trillion portfolio was made up of Japanese equities. The country’s main stock index, the Nikkei 225, is up more than 30% on a year-to-date basis.