'We are pleased to collaborate with GPIF
on this important initiative that promotes environment-related investments in Asia and the Pacific and is closely aligned with ADB's development mandate,' ADB President Takehiko Nakao said in a statement issued on Tuesday.
(TOKYO: 4519) announced today that it has been continuously included as constituents in all indices of Japanese equities for environmental, social and governance (ESG) investment selected by the Government Pension Investment Fund (GPIF
) of Japan.
MSCI currently picks the top 214 stocks in which GPIF
makes investments worth 388.4 billion yen.
It is important for India to attract a part of this reallocated capital not just from GPIF
but other large Japanese financial institutions.
, which is believed to be the first institutional investor in Japan to sue Toshiba over the scandal, increased its exposure to shares in 2014, when it decided to double its allocation of equities to cut dependence on low-yield government bonds - a move that promised greater returns but also increased risk.
The drop in the 135 trillion yen ($1.1 trillion) Government Pension Investment Fund (GPIF
) - the worst quarterly fall since 2008 - came after it decided last year to double the amount of equities in its bond-heavy portfolio to generate higher returns.
This trade then quickly gave way to "Abenomics II" -- selling JPY against the USD to front-run portfolio changes in the enormous Japanese government pension fund (GPIF
PM Shinzo Abe ordered a review of the Government Pension Investment Fund's (GPIF
) investment policies, with a view to raising its allocation to equities.
Officials are considering a proposal to add two or three dedicated professional advisors to the committee that oversees investment at the $1.26 trillion Government Pension Investment Fund (GPIF
We will press ahead with reforms, including a review of the GPIF
's portfolio, to ensure that public funds contribute to growth-nurturing investments.
While Japan is making progress toward ending deflation, consumer-price gains will probably stay between 0.1 percent and 1 percent, said Mitani, the head of the 124 trillion yen ($1.21 trillion) Government Pension Investment Fund (GPIF