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Markets News

Japan's GPIF posts $47 bln quarterly returns as stock markets rally

TOKYO, Nov 6 (Reuters) - Japan’s Government Pension Investment Fund (GPIF) said on Friday it earned a second-quarter investment return of 4.9 trillion yen ($47.3 billion) as global stock markets rallied, following a record return of 12.49 trillion yen in the previous quarter.

GPIF, the world’s largest pension fund, managed 167.5 trillion yen of assets as of end-September and its return on overall assets was 3.1% over the three-month period, it said in a statement. ($1 = 103.5600 yen)

Reporting by Takashi Umekawa Editing by Chang-Ran Kim

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