Why Japan's GPIF will bite the bullet over FTSE Russell index China inclusion
China bonds are now too big to ignore - even for Japan's (and the world's) biggest pension fund. That said, GPIF and China are set to make odd bedfellows on the world bond index.
Japan's Government Pension Investment Fund (GPIF) is expected to adopt the FTSE Russell’s World Government Bond Index (WGBI) despite China’s inclusion on the index – a move the pension fund opposed – due to the fact China bonds are outperforming, observers say.
China sovereign bonds will be gradually included in the index over a period of three years starting at end of October 2021. Their eventual weighting is expected to reach 5.25% of the index, prompting foreign investors to re…
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.