World’s greatest pension fund posts loss in longest losing streak in 20 years

World's biggest pension fund posts loss in longest losing streak in two decades

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Masataka Miyazono, president of the Government Pension Investment Fund (GPIF), speaks throughout a press conference in Tokyo, Japan, on Friday, July 1, 2022.

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Japan’s Government Pension Investment Fund — the world’s biggest– reported a 4th successive quarterly loss on Friday, taking it to its longest losing streak in 20 years.

The world’s biggest pension fund saw a 0.97% loss on its financial investments in the last 3 months of 2022, corresponding to 1.85 trillion yen ($143 billion).

The string of quarterly losses marks the pension fund’s longest stint at a loss considering that it reported 4 quarters of succumbs to the 2003.

The GPIF stated Friday that its greatest loss was by means of its foreign bond holdings, which fell 5.3%, while domestic bonds financial investments were down 1.7%. It handled to get 3.2% on its domestic stocks portfolio, although its financial investments in foreign stocks fell somewhat.

It takes GPIF’s losses for the very first 3 quarters of the to 3.71%, or 7.32 trillion yen. It reported a 5.42% revenue corresponding to 10 trillion yen in the 2021 . Its overall possessions now amount to 189.9 trillion yen.

GPIF’s loss over the very first 3 months of 2022 was its very first unfavorable quarter for 2 years, as it fought with the start of U.S. rate of interest increases, equity market volatility and some Russia- connected possessions.

In the most current quarter, a sharp drop in the worth of the U.S. dollar versus the yen weighed on the worth of the fund’s foreign possessions.

U.S. dollar versus the Japanese yen