Japan’s Government Pension Investment Fund has drawn up a list of 11 money managers for its emerging markets equity investments, of which half may be picked eventually.
Japan’s public pension fund Government Pension Investment Fund raised about $59 billion through the sale of domestic bonds and foreign equities in the financial year 2010-11.
Japan’s Government Pension Investment Fund is expecting the amount of asset sales to cover pension payout deficits in the next financial year to be similar to the current year’s estimate.
