Total value of AUM by the Government Pension Investment Fund in Japan FY 2014-2023

In the fiscal year 2023, the assets under management (AUM) by the Japanese Government Pension Investment Fund (GPIF) had increased by roughly 109 trillion Japanese yen since 2014. With a current total of around 246 trillion yen in assets, the GPIF is among the world's top-ranking public pension funds. Located in Tokyo, Japan, the GPIF was established to manage assets on behalf of the state with the primary goal being to generate returns for state pensions. Due to the fund's purpose, public pension funds often follow a lower-risk strategy, splitting assets among securities such as bonds, real estate, and index funds. Recently, many pension funds have also turned to alternative investments such as hedge funds and commodities.