INSUBCONTINENT EXCLUSIVE:
three months ended June 30, with assets totaling 158.6 trillion yen, it said in Tokyo on Friday
The per cent of total assets allocated to overseas stocks reached a record high.
The return puts GPIF back on track after a January-March
loss halted six quarters of gains
Japanese and US stocks found their footing in April after a rocky start to the year as investors factored in the risk of a global trade war
A stronger dollar also helped the fund amid expectations the Federal Reserve will keep raising rates while the Bank of Japan holds them
at Sumitomo Mitsui Trust Bank Ltd
bonds fell 1.5 basis points to 0.03 per cent
2017, rose 10 per cent in the same period
holdings in stocks and cut its allocation of bonds as part of a strategy revamp that started in October 2014
Before the shift in strategy, half the fund was invested in Japanese bonds.
The GPIF has a general target to keep 25 per cent of its basic
portfolio in domestic stocks and 25 per cent in overseas shares
The permissible range of deviation is 9 per cent for local equities and 8 per cent for stocks abroad.
Alternative assets accounted for 0.17
corporate earnings at home and abroad as well as US economic stimulus, while they were weighed by uncertainties over US trade policy toward
