Japan's Government Pension Investment Fund, Tokyo, the world's largest pension fund, returned 0.58% in the quarter ended Dec. 31, the fund reported Friday.
Despite investment income of ¥619 billion ($7.6 billion) in the quarter, total fund assets fell slightly to ¥108.1 trillion from ¥108.9 billion yen in the previous quarter, according to data on the pension fund's website.
International equity was the top-performing asset class at an 8.76% return for the quarter, creating income of ¥882 billion. Japanese stocks, however, fell 3.97%, subtracting ¥494 billion.
About two-thirds of the assets were in Japanese bonds as of Dec. 31; 11% in Japanese stocks; 10%, international stocks; 8%, international bonds; and 3% in cash.