Japan's Government Pension Investment Fund (GPIF) increased its ESG investments to 18.2 trillion yen or $126 billion as of March, representing 14.7% of its equity portfolio, despite widespread outflows from sustainable funds globally, Bloomberg News reported Friday, citing the fund's documents.
The world's largest pension fund maintained its commitment to ESG strategies even as it reported quarterly losses from a weaker dollar and underperforming domestic assets, said the publication.
This contrasts with the broader market trend, where ESG funds face record withdrawals due to poor returns, regulatory challenges, and political opposition, particularly from the President Donald Trump administration, the news wire said.
GPIF and Norway's sovereign wealth fund remain rare exceptions among major institutional investors continuing to prioritize sustainability amid the sector's struggles, added the report.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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