Japan's GPIF revamps portfolio strategy to navigate uncertain global markets

In recent years, the growing uncertainty in global markets have prompted Japan’s Government Pension Investment Fund (GPIF) to adopt a new approach to portfolio management. “To deliver the benchmark return we need to be good at rebalancing and manage our active risk very carefully. Focusing more on that, our tracking error to the benchmark has become relatively low and we are steadily returning the benchmark return,” Eiji Ueda, chief investment officer and executive managing dir…