Japan’s PFA discloses performance data

11 August 2014   Category: News, Asia, Global, Japan   By Maya Ando

Japan’s Pension Fund Association (PFA), which as of March 31, 2014 managed 11.8 trillion (US$116 billion) in corporate pension reserves, said that its member funds generated an average 1.78% return between 2008 and 2012.

According to a research report into the last five years’ performance at the PFA, negative returns saw assets shrink by 17.8% and 0.54% during the global economic crises in 2008 and 2010, respectively.

For the fiscal years ending March 2012 and March 2013, the accumulated total return was 11.7%, compared to just 1.82% in 2011. For fiscal year 2013, the association achieved a 13.24% return.

In 2012, the average asset allocation made to domestic bonds and equities were 28.47% and 15.84%, respectively, while foreign bonds stood at 12.16% and foreign equities 16.1%.

In addition, 5.29% of total assets were allocated to hedge funds, and 4.57% was invested in other assets, including real estate and private equity.