Mizuno and Percent

fund: For that to happen, GPIF President Norihiro Takahashi has said ESG assets should reach around 10 percent of its Japanese equity holdings, Mizuno said, according to The Japan Times. GPIF announced last week that 3 percent of its domestic stock portfolio of 35 trillion is in three environmental, social and governance ESG indices. ; Just 3 percent doesn't have much effect on our performance, there's no point unless it makes a difference on our performance from a fund manager's perspective, Mizuno said in an interview in Tokyo on Tuesday. Hiromichi Mizuno, who helps manage 1.3 trillion in assets for the Government Pension Investment Fund GPIF as its chief investment officer, said the fund wants to increase allocation to the point where it impacts results. If you think about the holdings having an effect on our performance, 3 percent is just too small. GPIF's Japanese stock holdings returned almost 15 percent last fiscal year to outperform the benchmark by more than 2 percentage points. The monolith is balancing its desire to promote ESG awareness and disclosure with its fiduciary duty to keep returns from falling below the Topix. (news.financializer.com). As reported in the news.