Japan's GPIF posts $33.3bn Q2 loss as global bond selloff hits holdings
FROM THE WIRE · FINANCE.YAHOO.COM
Investing.com-- Japan's Government Pension Investment Fund (GPIF) posted a loss in the September quarter, it said on Friday, as rising global bond yields and a stronger yen weighed on its overseas assets. Still guessing which stocks will beat the market? Our AI portfolio updates…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA pension fund this large suffering from rising yields can influence yen and bond flows.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01GPIF posted an investment loss of 5.25 trillion yen for the three months to September 30.
- 02The Q2 return was a loss of 1.6%, reversing an 8.20% gain in the prior quarter.
- 03The loss reflects rising global bond yields and a stronger yen weighing on overseas assets.