GPIF’s FY2025 result was a major rebound, but it did not mark a change in strategy.The world’s largest pension fund earned 16.47%, or JPY41.4 trillion (US$260.7 billion), as Japanese equities, foreign equities and the weak yen lifted returns across a portfolio still anchored to its 25/25/25/25 policy mix. The result...
GPIF’s FY2025 result was a major rebound, but it did not mark a change in strategy.The world’s largest pension fund earned 16.47%, or JPY41.4 trillion (US$260.7 billion), as Japanese equities, foreign equities and the weak yen lifted returns across a portfolio still anchored to its 25/25/25/25 policy mix. The result...