News Digest: GPIF eyes more active equity; MPF closes 2023 with positive report card
GPIF eyes raising active allocation to stocks; Hong Kong's MPF posts first positive result in three years; NPS reportedly logs highest-ever annual returns in 2023; India's GIFT city allows family wealth fund to invest overseas; and more.
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Japan’s Government Pension Investment Fund (GPIF) is open to increasing its active allocation in stocks and tapping more fund managers for that purpose, according to CIO Eiji Ueda.
Active funds made up less than 7% of the GPIF’s stock investments as of March 31, 2023.
“When you think about ways to produce excess returns, the easiest way is to increase active stock funds. Increasing active fund managers per se is not our target. But if we can find capable …
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