Japan

Asset Allocation

GPIF pins active equity overhaul on ‘scientific’ manager selection

A quest for manager and fund strategy diversification has led the world's largest pension fund, Japan’s Government Pension Investment Fund, to reach a decade-high allocation to active global stocks. Its active equity portfolio now consists of 103 funds, increasing fivefold compared to 2020 when it only invested in 20.

Darcy SongJuly 9, 2025

Featured Story

Geopolitical volatility and portfolio resilience

Just days after US president Donald Trump announced sweeping tariffs on "Liberation Day", an influential group of global pension funds and investment managers, gathered at a Top1000funds.com roundtable at London’s Rosewood Hotel to discuss the current economic and geopolitical landscape, and the possibility of a lost decade of real returns.

Leng OhlssonApril 30, 2025

Japan in focus

Japan PM Kishida’s blueprint for asset owners met with cool response

Japanese Prime Minister Fumio Kishida's ambitious strategy to reinvigorate the country’s $5 trillion asset management industry encounters a cool response from domestic corporate pension funds. Stakeholders express reluctance, citing uncertainties and a perceived lack of instant benefits as government panels form to craft the reform plans.

Chikafumi HodoDecember 7, 2023

Sustainability

Japan’s governance conundrum

Japan has been progressive in the development of a stewardship code and a corporate governance code, however to make real impact this requires asset owners need to be more proactive in holding boards and executives of their investee companies accountable.

Nicholas BenesApril 29, 2019

Asset Allocation

GPIF pins active equity overhaul on ‘scientific’ manager selection

Featured Story

Geopolitical volatility and portfolio resilience

Japan in focus

Japan PM Kishida’s blueprint for asset owners met with cool response

Sustainability

Japan’s governance conundrum

Asset Classes

GPIF seeks better beta through ESG

Investor Profile

Japan’s GPIF and the next 100 years

California Public Employees Retirement System (CalPERS)

ABP/APG Asset Management

California State Teachers Retirement System (CalSTRS)

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