Japan's public pension fund, the world's largest, will start investing in emerging market stocks as early as this quarter as it seeks to diversify assets and cover rising payouts.
The Government Pension Investment Fund, which oversees 108 trillion yen ($1.3 trillion), has decided on the managers who will handle the investments and is now in the process of setting up accounts in prospective markets, said Takahiro Mitani, president of the fund, known as GPIF. He declined to name the managers until investments are actually made or disclose the amount of the allocations.
(Bloomberg)
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