Japan's Government Pension Investment Fund (GPIF), worth $1.3 trillion, lost 5.3 trillion yen ($51bn) in the year ended March 31st, its worse annual result since the financial crisis.
The loss included a 10.8% loss on domestic equities and 9.6% on global equities. Japanese bonds, which the fund was cutting since October 2014, when it moved allocations more to equities, posted a 4.1% gain, following the Bank of Japan's move to negative interest rates.
The fund has 80% of its holdings in passive investments.
The Canada Pension Plan Investment Board (CPPIB), a retirement savings plan financed by employers and employees in Canada except Quebec, was created in 1966 and is sized at $278 billion as of March 31, 2016, fared better with a 3.4% return with gains in real estate and emerging-market equity private investments.
The loss included a 10.8% loss on domestic equities and 9.6% on global equities. Japanese bonds, which the fund was cutting since October 2014, when it moved allocations more to equities, posted a 4.1% gain, following the Bank of Japan's move to negative interest rates.
The fund has 80% of its holdings in passive investments.
The Canada Pension Plan Investment Board (CPPIB), a retirement savings plan financed by employers and employees in Canada except Quebec, was created in 1966 and is sized at $278 billion as of March 31, 2016, fared better with a 3.4% return with gains in real estate and emerging-market equity private investments.
