GPIF hedging against currency risks on even a small part of its holdings could make big waves.
Japan’s Government Pension Investment Fund (GPIF), the largest pension fund in the world, is now prepared to make hedges on a variety of currencies, the head of the fund said on Friday.
At the Reuters Global Investment 2019 Outlook Summit, GPIF President Norihiro Takahashi told Reuters as much. However, the President of the ¥170 trillion yen ($1.5 trillion) pension fund refused to confirm whether GPIF was already doing so.
Currency hedging, simply put, is the act of entering into a financial contract to protect against changes in currency Exchange rates. These changes can be unexpected, expected or anticipated.
So why is it important if GPIF starts to do this? Well, the fund has ¥68.8 trillion worth of holdings of foreign assets. If the pension fund hedges against currency risks on even a small part of this, it could have a large impact in the currency exchange market as the yen would be sharply boosted.
Until now, this is why it is largely believed that GPIF has barely done any currency hedging in the past, unlike the majority of other Japanese institutional investors.
The article published by Reuters does not give any further information about when GPIF might start hedging currencies and to what degree the pension fund would do so.
GPIF investment portfolio increases to ¥165.6 trillion in Q2
At the beginning of this month, GPIF reported its second-quarter results ended September 30, for its 2018 fiscal year. The Japanese fund reported a gain of 3.42 percent, increasing the value of its investment portfolio to ¥165.6 trillion.
In comments posted on its website, Takahashi said the solid results were thanks to gains for US and Japanese stocks during the period which, in turn, were driven by solid economic data and corporate earnings.
Furthermore, the President also cited the decline of the yen in global currency markets, as a result of the latest hike from the US Federal Reserve, boosting the value (in yen terms) of its more than 40 percent allocation to overseas stocks and bonds.
Japan’s Government Pension Investment Fund (GPIF), the largest pension fund in the world, is now prepared to make hedges on a variety of currencies, the head of the fund said on Friday.
At the Reuters Global Investment 2019 Outlook Summit, GPIF President Norihiro Takahashi told Reuters as much. However, the President of the ¥170 trillion yen ($1.5 trillion) pension fund refused to confirm whether GPIF was already doing so.
Currency hedging, simply put, is the act of entering into a financial contract to protect against changes in currency Exchange rates. These changes can be unexpected, expected or anticipated.
So why is it important if GPIF starts to do this? Well, the fund has ¥68.8 trillion worth of holdings of foreign assets. If the pension fund hedges against currency risks on even a small part of this, it could have a large impact in the currency exchange market as the yen would be sharply boosted.
Until now, this is why it is largely believed that GPIF has barely done any currency hedging in the past, unlike the majority of other Japanese institutional investors.
The article published by Reuters does not give any further information about when GPIF might start hedging currencies and to what degree the pension fund would do so.
GPIF investment portfolio increases to ¥165.6 trillion in Q2
At the beginning of this month, GPIF reported its second-quarter results ended September 30, for its 2018 fiscal year. The Japanese fund reported a gain of 3.42 percent, increasing the value of its investment portfolio to ¥165.6 trillion.
In comments posted on its website, Takahashi said the solid results were thanks to gains for US and Japanese stocks during the period which, in turn, were driven by solid economic data and corporate earnings.
Furthermore, the President also cited the decline of the yen in global currency markets, as a result of the latest hike from the US Federal Reserve, boosting the value (in yen terms) of its more than 40 percent allocation to overseas stocks and bonds.
Interactive Brokers Expands Offerings with Daily Options on French Stocks
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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