, or GPIF, is an incorporated administrative agency (an

independent administrative institution An Incorporated Administrative Agency (独立行政法人, ''Dokuritsu gyōsei hōjin'' or ''Dokugyo'' in abbreviation) is a type of legal corporation formulated by the Government of Japan under the Act on General Rules for Incorporated Administrat ...

), established by the Japanese government. It is the largest pool of retirement savings in the world. Japan's GPIF is the largest public fund investor in Japan by assets and is a major proponent of the Stewardship Principles.

Profile

The Government Pension Investment Fund (GPIF) states that it has been established on the following investment principles: *The overarching goal should be achieve the investment returns required for the public pension system with minimal risks, solely for the benefit of pension recipients from a long-term perspective, thereby contributing to the stability of the system. *The primary investment strategy should be diversification by asset class, region, and timeframe. While acknowledging fluctuations of market prices in the short term, we shall achieve investment returns in a more stable and efficient manner by taking advantage of our long-term investment horizon, whilst at the same time we shall secure sufficient liquidity to pay pension benefits. *We formulate the policy asset mix, and manage and control risks at the levels of the overall asset portfolio, each asset class, and each asset manager. We employ both passive and active investments to benchmark returns (i.e. average market returns) set for each asset class, while seeking untapped profitable investment opportunities. *By fulfilling our responsibilities, we shall continue to maximise medium-to long-term equity investment returns for the benefit of pension recipients.

Collaboration

The GPIF has diversified investments with the following external asset management institutions: *

Aberdeen Asset Management Aberdeen Asset Management was an international investment management group, managing assets for both institutions and private investors from offices around the world. Its head office was in Aberdeen, Scotland. The company was listed on the Lon ...

Allianz Global Investors Allianz Global Investors (commonly called AllianzGI or AGI), is a global investment management firm with offices in over 20 locations worldwide. It is owned by the global financial services group Allianz. Employing nearly 3,000, it manages over ...

Asset Management One Asset Management One Co., Ltd. (アセットマネジメントOne株式会社), abbreviated as AM-One, is a Japanese asset management company. It is a subsidiary of the Mizuho Financial Group and is one of the largest asset management companies i ...

* AXA Investment Managers *

Baillie Gifford Baillie Gifford is an investment management firm which is wholly owned by partners, all of whom work within the firm. It was founded in Edinburgh, Scotland, in 1908 and still has its headquarters in the city. It has corporate offices in New York ...

BNY Mellon Investment Management BNY Mellon Investment Management (BNY Mellon IM) is the investment management division of BNY Mellon. It is one of the largest asset managers in the world with $2.4 trillion in assets under management as of December 31, 2021. BNY IM uses seven di ...

BlackRock BlackRock, Inc. is an American multi-national investment company based in New York City. Founded in 1988, initially as a risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager, with trill ...

Capital Group Companies Capital Group is an American financial services company. It ranks among the world's oldest and largest investment management organizations, with over $2.6 trillion in assets under management. Founded in Los Angeles, California in 1931, it is ...

* Citigroup *

Credit Agricole Credit (from Latin verb ''credit'', meaning "one believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt) ...

Dimensional Fund Advisors Dimensional Fund Advisors, L.P. (branded Dimensional abbreviated DFA) is a private investment firm headquartered in Austin, Texas. Dimensional was founded in Chicago in 1981 by David Booth, Rex Sinquefield and Larry Klotz. The company has affili ...

Fidelity Investments Fidelity Investments, commonly referred to as Fidelity, earlier as Fidelity Management & Research or FMR, is an American multinational financial services corporation based in Boston, Massachusetts. The company was established in 1946 and is o ...

* Goldman Sachs *

ING Ing, ING or ing may refer to: Art and media * '' ...ing'', a 2003 Korean film * i.n.g, a Taiwanese girl group * The Ing, a race of dark creatures in the 2004 video game '' Metroid Prime 2: Echoes'' * "Ing", the first song on The Roches' 1992 ...

Invesco Invesco Ltd. is an American independent investment management company that is headquartered in Atlanta, Georgia, with additional branch offices in 20 countries. Its common stock is a constituent of the S&P 500 and trades on the New York stock exc ...

Janus Capital Group Janus Capital Group, Inc. was an American publicly owned investment firm headquartered in Denver, Colorado. The company's asset-management disciplines included growth, core, international, value, mathematical, alternative and fixed-income. These ...

JP Morgan JPMorgan Chase & Co. is an American Multinational corporation, multinational Investment banking, investment bank and financial services holding company headquartered in City of New York, New York City and Delaware General Corporation Law, inco ...

Lazard Lazard Ltd (formerly known as Lazard Frères & Co.) is a financial advisory and asset management firm that engages in investment banking, asset management and other financial services, primarily with institutional clients. It is the world's la ...

Mitsubishi UFJ Financial Group is a Japanese bank holding and financial services company headquartered in Chiyoda, Tokyo, Japan. MUFG holds assets of around US$3.1 trillion as of 2016 and is one of the "Three Great Houses" of the Mitsubishi Group alongside Mitsubishi Corp ...

Mizuho Financial Group , abbreviated as MHFG, or simply called Mizuho, is a banking holding company headquartered in the Ōtemachi district of Chiyoda, Tokyo, Japan. The name "" literally means "abundant rice" in Japanese and "harvest" in the figurative sense. Upo ...

Morgan Stanley Morgan Stanley is an American multinational investment management and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in more than 41 countries and more than 75,000 employees, the fir ...

Natixis Investment Managers Natixis Investment Managers is an American French-based global asset management company that claims USD $1389.7 billion in assets under management as of December 31, 2020. The company has headquarters in Paris and Boston and it is the second bigg ...

* Nomura *

Northern Trust Northern Trust Corporation is a financial services company headquartered in Chicago that caters to corporations, institutional investors, and ultra high net worth individuals. Northern Trust is one of the largest banking institutions in the Un ...

* PIMCO * Prudential *

PGIM PGIM, Inc. (PGIM), formerly Prudential Investment Management, is the asset management arm of American life insurance company Prudential Financial. Headquartered in Newark, New Jersey, United States, PGIM manages more than $1 trillion in assets ...

Resona Holdings () is the holding company of , the fifth-largest banking group in Japan as of 2012. It is headquartered in the Kiba area of Koto, Tokyo. The main operating entities of the group are Resona Bank, a nationwide corporate and retail bank headqu ...

Russell Investments Russell Investments is an investment firm headquartered in Seattle, Washington. Corporate overview According to ''American Banker'', Russell Investments has approximately $300 billion of assets under management, as of September 2019. The firm r ...

* Societe Generale * State Street Global Advisors *

Sumitomo Mitsui Financial Group is a Japanese multinational banking and financial services institution headquartered in Yurakucho, Chiyoda, Tokyo, Japan. The group operates in retail, corporate, and investment banking segment worldwide. It provides financial products and ser ...

Sun Life Sun Life Financial Inc. is a Canadian financial services company. It is primarily known as a life insurance company. Sun Life has a presence in investment management with over CAD$1.3 trillion in assets under management operating in a number ...

Tokio Marine , is a multinational insurance holding company headquartered in Tokyo, Japan. It is the largest property Property is a system of rights that gives people legal control of valuable things, and also refers to the valuable things themselves. ...

Wellington Management Wellington Management Company is a private, independent investment management firm with client assets under management totaling over US$1 trillion based in Boston, Massachusetts, United States. The firm serves as an investment advisor to over ...

Wells Fargo Wells Fargo & Company is an American multinational financial services company with corporate headquarters in San Francisco, California; operational headquarters in Manhattan; and managerial offices throughout the United States and intern ...

Notes

External links

Official website (English)

GPIF SWF Institute Profile
{{Authority control Ministry of Health, Labour and Welfare Pensions in Japan Public pension funds Investment in Japan Sovereign wealth funds

Profile

Collaboration

See also

Notes

External links