The signal of Japan’s Authorities Pension Funding Fund (GPIF) is seen at its reception in Tokyo, Japan, November 16, 2018. REUTERS/Toru Hanai

TOKYO, Aug 5 (Reuters) – Japan’s Authorities Pension Funding Fund (GPIF) reported on Friday an funding lack of 3.75 trillion yen ($28.13 billion) for April-June, the second consecutive quarter of destructive returns, as financial slowdown fears hit world inventory markets.

The world’s largest pension fund misplaced 1.91% for the three months, trimming its total belongings to 193.126 trillion yen, it mentioned in an announcement.

The loss widened from 1.1% within the earlier quarter, which represented the fund’s first quarterly loss in two years.

Throughout the April-June interval, the Dow Jones Industrial Common (.DJI) dropped 11%, whereas Japan’s Nikkei inventory common (.N225) fell 5%.

The GPIF’s overseas inventory portfolio posted a lack of 5.36%, whereas its Japanese inventory portfolio had a lack of 3.68%.

Its Japanese bond portfolio posted a lack of 1.31%, whereas its overseas bond portfolio gained 2.71%.

As of end-June, Japanese bonds accounted for 25.65% of its portfolio and overseas bonds accounted for 25.70%. International equities accounted for 24.12% and home equities 24.53%.

($1 = 133.3000 yen)

Reporting by Makiko Yamazaki
Enhancing by Shri Navaratnam and Muralikumar Anantharaman

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