Key Facts
• GPIF reported a $11.7 billion (¥1.7 trillion) surplus for fiscal year 2024.
• This marks the fifth consecutive year of surplus for the pension fund.
• The annual return rate was 0.71%, driven by strong foreign stock performance.
• From January to March 2024, ‘Trump Tariffs’ caused foreign stock losses.
• Total managed assets at the end of FY2024 reached $1.74 trillion (¥249.8 trillion).
Summary
The Government Pension Investment Fund (GPIF) achieved a $11.7 billion surplus in fiscal year 2024, marking its fifth consecutive year of positive returns. The annual return rate was 0.71%, largely supported by gains in foreign stock investments. However, the ‘Trump Tariffs’ led to significant foreign stock declines from January to March 2024, impacting overall performance. By the end of the fiscal year, GPIF’s total managed assets stood at $1.74 trillion. Despite challenges, the fund continues to deliver stable growth.
