Staff
Three of Japan’s largest public pension funds, which have a combined $313.9 billion in assets, plan to shift more of their assets into equities from bonds.
That follows a similar move by Japan’s Government Pension Investment Fund (GPIF), which has $1.4 trillion in assets.
The GPIF’s model portfolio targets allocations of 35% in Japanese bonds, 25% in Japanese equities, 25% in foreign equities and 15% in foreign bonds.
The three public pension funds are the Pension Fund Association for Local Government Officials, the Federation of National Public Service Personnel Mutual Aid Association, and The Promotion and Mutual Aid Corporation for Private Schools of Japan.
Also read: