Japan's Government Pension Investment Fund, Tokyo, reported a 1.91%, or ¥3.75 trillion ($27.5 billion), loss for the three months ended June 30, it disclosed in a quarterly update posted on its website Friday.
The negative investment return for the first quarter of the world's largest pension portfolio's fiscal year 2022 dropped its value to ¥193 trillion, or about $1.42 trillion as of that date.
The loss comes after a 5.42% gain for the fiscal year ended March 31.
Foreign and domestic stocks and domestic bonds all registered losses for the three months ended June 30. Foreign stocks saw the greatest loss at -5.36%, accounting for ¥2.62 trillion of the overall investment loss for the quarter, followed by domestic stocks at -3.68% (¥1.81 trillion) and foreign bonds at -2.71% (¥1.32 trillion).
Those losses were slightly offset by a positive quarter for foreign bonds, which returned 2.71% and a gain of ¥1.32 trillion.
As of June 30, the actual allocation was 25.7% foreign bonds, 25.65% domestic bonds, 24.53% domestic equities and 24.12% foreign equities.
