Japan’s GPIF divests $1.5bn in Russia-linked assets
Pension fund cut exposure to country by 95% in the 12 months to March
Japan’s Government Pension Investment Fund (GPIF) held ¥10.5 billion ($77 million) in Russian bonds and stocks as of end-March, down 95% compared with a year prior, Risk Quantum analysis shows.
The fund remained invested for about ¥8.8 billion in the country’s stocks and for ¥1.7 billion in its bonds, down from ¥182.3 billion and ¥29 billion a year earlier, respectively.
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