Japan's Government Pension Investment Fund (GPIF) reported on Friday an investment loss of 3.75 trillion yen ($28.13 billion) for April-June, the second consecutive quarter of negative returns, as economic slowdown fears hit global stock markets.
The world's largest pension fund lost 1.91% for the three months, trimming its overall assets to 193.126 trillion yen, it said in a statement.
The loss widened from 1.1% in the previous quarter, which represented the fund's first quarterly loss in two years.
During the April-June period, the Dow Jones Industrial Average dropped 11%, while Japan's Nikkei stock average fell 5%. ...continue reading
