Japan's Government Pension Investment Fund, Tokyo, the world's largest pension fund, returned -1.85% on all assets in the quarter ended June 30, the fund reported Friday.
Time-weighted returns on market investments fell 2.1%, a loss of ¥2.1 trillion ($26.9 billion). Total assets slipped 4.8% to ¥108.2 trillion.
Time-weighted losses in domestic and international stocks were 9.83% and 7.55%, respectively, while international bonds fell 3.46%. Domestic bonds rose 1.04%. Non-market assets rose 0.35%.
The pension fund's asset allocation as of June 30 was 65% Japanese bonds; 12% Japanese stocks; 11% international stocks; 9% international bonds; and 3% cash.
