Japan’s police pension fund generates 6.51% return

20 May 2014   Category: News, Asia, Global, Japan   By Maya Ando

Japan’s Police Mutual Aid Co-operative Association pension fund generated an annual return of 6.51% for members in the year up to March 2013, data showed.

The fund currently has 2.6 trillion Japanese yen (US$25.6 billion) of AUM, of which 6.38%, or 166 billion yen, is currently managed internally.

More than a third (35.4%) of these assets, or 923 billion yen, is held in domestic bonds, 13.2% in domestic equities, 12.5% in overseas bonds, 6.7% in foreign equities without hedge and 5.5% in foreign equities with hedge. The asset allocation will be evaluated every five years.

Known as Keikyo, the association was formed in 1920 and 280,000 employees of the country’s police forces are currently members.