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Tuesday, Aug 6
Japan civil-servants pension fund could lift equity allocation
- The pension fund for Japan's civil servants, which manages almost $80B, is reportedly considering allocating more of its money to stocks and less to domestic government bonds. A decision could come in the autumn.
- The possible move by the Federation of National Public Service Personnel Mutual Aid Associations, a fund that covers 1.24M active and retired public servants, would follow a similar course by Japan's $1.2T Government Pension Investment Fund,
- At the end of March, 78.8% of the federation's portfolio was in domestic bonds, 6.8% in domestic equities and the rest in assorted investments.