Chikafumi's Feed
Jul 4, 2014

Japan’s GPIF logs 8.6 pct annual gain, starts ROE push

TOKYO, July 4 (Reuters) – Japan’s giant public pension fund
enjoyed another strong financial year as domestic stocks rose,
but its performance was marred by a pullback in the
January-March quarter – just as the fund was cautiously
beginning to seek better returns on its equity investments.

The $1.24 trillion Government Pension Investment Fund, the
world’s largest, generated an 8.6 percent return in the year
through March, its third-best ever, helped by a weaker yen and a
47 percent jump in Japanese equities, the fund reported on
Friday.

Jul 4, 2014

Sumitomo Mitsui Asset eyes acquisitions to meet ambitious growth goals

TOKYO (Reuters) – Japan’s Sumitomo Mitsui Asset Management wants to more than double its $131 billion assets under management by 2020 and is looking at acquisitions to help it grow, its chief executive told Reuters.

Encouraged by signs of economic recovery and a potential shift by Japan’s main pension fund to put more money in riskier assets, the company is aiming to overtake industry leader Nomura Asset Management which held 31.5 trillion yen ($308 billion) in assets as of March.

Jun 24, 2014

Japan’s lumbering public pension to be recast as agent of reform

TOKYO, June 24 (Reuters) – Understaffed, underpaid and
operating largely on autopilot since its inception more than a
decade ago, Japan’s main public pension fund – the world’s
largest – seems an unlikely choice to help shake up Japan’s
markets and reform its corporate culture.

But Prime Minister Shinzo Abe’s package of growth measures
due for unveiling on Tuesday will push for changes at the $1.26
trillion Government Pension Investment Fund (GPIF) that could
shift hundreds of billions of dollars out of domestic government
bonds into stocks, overseas assets and alternatives such as
infrastructure.

Jun 20, 2014

Tokyo-based activist fund seeks to aggressively expand investor base

TOKYO, June 20 (Reuters) – Tokyo-based activist fund
Strategic Capital plans to boost its assets by expanding its
investor base to professional investors in Japan and abroad by
taking a more hands-on approach to generate higher investment
returns, the head of the fund said.

The fund’s style contrasts with a recent trend in Japan
where so-called “friendly” activist funds are gaining popularity
with a series of new funds launched after tough tactics failed
to produce results in the past.

Jun 6, 2014

Japan PM pushes GPIF to buy more stocks, amid talk it already is

TOKYO, June 6 (Reuters) – Japanese Prime Minister Shinzo Abe
pressed the world’s biggest pension fund on Friday to quicken a
shift toward investing more in stocks and less in bonds amid
market speculation the fund may already have started moving cash
into riskier assets.

As Abe seeks to end nearly two decades of deflation, his
government is pressing the $1.26 trillion Government Pension
Investment Fund to diversify its domestic bond-centric portfolio
into assets such as Japanese stocks to generate higher returns
for the fast-greying population and boost economic activity.

Jun 6, 2014

Japanese PM tells health minister to speed up GPIF review

TOKYO, June 6 (Reuters) – Japanese Health Minister Norihisa
Tamura said on Friday that he was instructed by Prime Minister
Shinzo Abe to accelerate an asset allocation review of Japan’s
$1.26 Government Pension Investment Fund.

Global financial markets are keenly watching the GPIF’s
strategy review, because the fund – bigger than Mexico’s economy
- is a huge investor and a bellwether for other Japanese
institutional investors.

Jun 3, 2014

Japan reviews pension system, paving way for new GPIF allocations

TOKYO, June 3 (Reuters) – Japan’s Health Ministry completed
an evaluation of the public pension system, paving the way for
the world’s biggest pension to review its asset allocations, a
process set to shift more money into stocks and less into bonds.

The evaluation, announced on Tuesday by the ministry’s
pension actuary section, will form the basis for the $1.26
trillion Government Pension Investment Fund to raise its
targeted returns to 1.7 percentage points over nominal wage
increases from 1.6 points.

May 30, 2014

Japan’s public pension fund to adopt government’s shareholder code

TOKYO, May 30 (Reuters) – Japan’s Government Pension
Investment Fund (GPIF) plans to adopt new government guidelines
for institutional investors designed to improve corporate
governance and investment returns.

The $1.26 trillion fund in a statement on Friday said it is
important to adopt the Japanese Stewardship Code, which calls on
shareholders to disclose how they vote at annual general
meetings and engage more actively with company management.

May 22, 2014

Exclusive: Japan Post Insurance shifts to stocks, foreign bonds in bet on Abenomics

TOKYO (Reuters) – Japan Post Insurance is ramping up its investment in Japanese stocks and foreign bonds in a move that shows the government-controlled insurer is betting on the success of Prime Minister Shinzo Abe’s policies in pursuit of higher returns, according to disclosures and a person with knowledge of the investment strategy.

The country’s largest insurer, which has the equivalent of $846 billion in assets, is increasing its investment in Japanese stocks by an estimated 300-350 billion yen, or up to $3.5 billion, in the fiscal year that began in April, a rise of more than 50 percent from last year, according to the person, who asked not to be named because details of the developing portfolio shift have not been made public.

May 22, 2014

Japan Post Insurance shifts to stocks, foreign bonds in bet on Abenomics

TOKYO, May 22 (Reuters) – Japan Post Insurance is ramping up
its investment in Japanese stocks and foreign bonds in a move
that shows the government-controlled insurer is betting on the
success of Prime Minister Shinzo Abe’s policies in pursuit of
higher returns, according to disclosures and a person with
knowledge of the investment strategy.

The country’s largest insurer, which has the equivalent of
$846 billion in assets, is increasing its investment in Japanese
stocks by an estimated 300-350 billion yen, or up to $3.5
billion, in the fiscal year that began in April, a rise of more
than 50 percent from last year, according to the person, who
asked not to be named because details of the developing
portfolio shift have not been made public.