GPIF increases real estate allocation

The Japan-based public pension fund will increase its real estate allocation to 0.25%.

Institution: Government Pension Investment Fund, Japan
Headquarters: Tokyo, Japan
AUM: ¥150.63 trillion
Allocation to Alternatives: 0.61%

Government Pension Investment Fund, Japan (GPIF) has increased its allocation to real estate from 0.07 percent to 0.25 percent of its total investment portfolio, according to investment results presented for the fiscal year of 2019.

The ¥150.63 trillion ($1.40 trillion; €1.24 trillion) Japan-based public pension currently allocates 0.61% of its investment portfolio to alternative assets. This includes private equity, private real estate, and infrastructure. GPIF’s long-term goals include a target allocation of 5 percent to alternative asset classes.

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