Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

Japanese $1.5T Trillion Asset Manager Now Eyes Bitcoin for Diversification

Published 19/03/2024, 17:00
© Reuters.  Japanese $1.5T Trillion Asset Manager Now Eyes Bitcoin for Diversification

Coin Edition -

  • The world’s largest pension fund, Japan’s GPIF, is exploring Bitcoin as an investment.
  • GPIF is exploring diversifying its portfolio beyond traditional holdings like stocks.
  • GPIF clarified that this is a preliminary step, and investment targets will hinge on its research findings.

Japan’s Government Pension Investment Fund (GPIF), the world’s largest pension fund boasting $1.5 trillion in assets under management, has announced its intention to explore diverse investment avenues, including Bitcoin, gold, forests, and farmland.

This development was captured in a recent report by Bloomberg Japan, which revealed the GPIF’s decision to seek information on expanding its investment horizon. GPIF manages a colossal sum of approximately 225 trillion yen as of December 2023. However, the Japanese pension fund is now looking to diversify further by considering previously untapped assets like Bitcoin alongside traditional holdings in stocks and bonds.

The fund’s current portfolio already includes a mix of domestic and foreign equities, bonds, and alternative assets such as infrastructure and real estate. Accordingly, the move to seek more information about Bitcoin signals a potential shift towards more unconventional investments.

GPIF’s interest extends beyond mere curiosity; it aims to gather insights into how other pension funds worldwide incorporate such assets into their portfolios and practical investment experiences.

In recent years, GPIF’s endeavors to enhance operational sophistication and diversify its portfolio have garnered significant attention. Since 2022, the fund has handpicked 56 active funds spanning North American, developed countries, and Japanese stocks, sparking considerable market interest. Looking ahead, the potential inclusion of Bitcoin as a new investment target could propel GPIF’s diversification efforts even further.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

While the announcement has stirred speculation about the fund’s future investment strategies, it is crucial to note that this initiative is merely a fact-finding mission. GPIF clarified that this is a preliminary step, and any expansion of investment targets will hinge on the findings and subsequent research.

The post Japanese $1.5T Trillion Asset Manager Now Eyes Bitcoin for Diversification appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.