- The world's biggest retirement fund has scope to buy $47B in Japanese shares following a rout this year, according to Daiwa Securities Group.
- The $1.2T Government Pension Investment Fund's domestic equities likely fell to about 21% of assets at the end of February, short of the 25% goal for such investments, the brokerage wrote in a report.
- That means the Japanese fund could purchase as much as ¥5.3T in additional shares.
- Nikkei +4.1% to 16,747.
- ETFs: DXJ, EWJ, FXY, YCS, JGBS, DFJ, JGBD, DBJP, NKY, JYN, JOF, EZJ, JEQ, JPNL, DXJS, EWV, YCL, SCJ, HEWJ, JSC, JPXN, JGBL, JPP, JGBT, QJPN, FJP, JGBB, JPMV, DXJT, DXJC, DXJR, JHDG, DXJH, DXJF, HGJP, HEGJ, JDG, FXJP, JPN