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GPIF · Japan Government Pension Investment Fund

Equity book · FY2014→FY2025 · country & sector weights vs MSCI ACWI

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Equity book · FY2014 → FY2025 · vs MSCI ACWI

Two passive machines and one big active bet.

GPIF's foreign equities hug MSCI ACWI ex-Japan; the domestic book hugs TOPIX. The structural bet is the 50/50 split between them — Japan is ~5% of the global index. Browse every stock below.

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Weights vs the index

country weight, % — GPIF foreign equities vs ACWI ex-Japan (Jul-2026 iShares proxy)
sector weight, % — name-matched on 88.8% of GPIF foreign-equity MV
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Browse the stock list

Year Sleeve Country