Japan's public pension fund, the world's largest, logged some US$50 billion in investment losses last fiscal year as the yen surged and Tokyo stocks fell amid global market turmoil, a person with direct knowledge of the matter said.
Portfolio losses for the Government Pension Investment Fund (GPIF) for the 12 months through March were between 5 trillion yen and 5.5 trillion yen (US$49 billion-US$53 billion), the person told Reuters on Friday, speaking on condition of anonymity as the results are not public.
This will mark the first full-year loss for the US$1.4 trillion GPIF in five years.
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Portfolio losses for the Government Pension Investment Fund (GPIF) for the 12 months through March were between 5 trillion yen and 5.5 trillion yen (US$49 billion-US$53 billion), the person told Reuters on Friday, speaking on condition of anonymity as the results are not public.
This will mark the first full-year loss for the US$1.4 trillion GPIF in five years.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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