Japan’s Chikyoren awards domestic equity mandates
The pension fund is adding domestic exposure to its portfolio and Japan’s stock market could face a game-changing year, one manager told AsianInvestor.
Japan’s Pension Fund Association for Local Government Officials, also known as Chikyoren, has hired Tokyo-based fund houses Nikko Asset Management (Nikko AM) and Sumitomo Mitsui DS Asset Management (SMDS AM) for an active domestic equity mandate.
The mandate will be benchmarked against the Tokyo Stock Price Index (Topix), Chikyoren said in a statement on December 23.
Both Nikko AM and SMDS AM declined to answer questions from AsianInvestor on mandate sizes or how they would asse…
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