Every five years, Japan’s Government Pension Investment Fund sends a frisson of excitement through the investment community. This is one such year: when the country’s largest fund conducts a quinquennial review of its investment assumptions — encompassing everything from inflation to expected returns for various asset classes.
每隔五年,日本政府養老金投資基金(Government Pension Investment Fund,以下簡稱:GPIF)都會在投資界引起一陣騷動。今年就是這樣的一年:這個日本最大的基金每五年對其投資假設進行一次審查——包括從通貨膨脹到各類資產的預期回報等各個方面。
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