February 7, 2020 / 6:39 AM / 21 days ago

Japan's GPIF posts $67.3 bln profit in Q3 as stock markets rally

TOKYO, Feb 7 (Reuters) - Japan’s Government Pension Investment Fund (GPIF), the world’s largest pension fund, on Friday reported a profit of 7.4 trillion yen ($67 billion) in the third quarter, as both domestic and foreign stock markets rallied.

The GPIF, which managed 169 trillion yen of assets as of end-December, said its return on overall assets was 4.6% over the three months October-December.

Japan’s Nikkei stock average rose 8.1% during the quarter. The Dow Jones Industrial Average was up 7.4%.

$1 = 109.9300 yen Reporting by Takashi Umekawa; Editing by Tom Hogue

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