By Jenni Reid
Japan’s Government Pension Investment Fund — the world’s largest — reported a fourth consecutive quarterly loss on Friday, taking it to its longest losing streak in 20 years.
The world’s largest pension fund saw a 0.97% loss on its investments in the last three months of 2022, equating to 1.85 trillion yen ($14.3 billion).
The string of quarterly losses marks the pension fund’s longest stint in the red since it reported four quarters of falls for the fiscal year 2003.
The GPIF said Friday that its biggest loss was via its foreign bond holdings, which fell 5.3%, while domestic bonds investments were down 1.7%. It managed to gain 3.2% on its domestic stocks portfolio, although its investments in foreign stocks fell slightly.