Japan’s Government Pension Investment Fund (GPIF) reported a 3.5% return in the first three months of FY 2017 Friday, increasing its assets by 5.1 trillion yen ($46 billion) to a record 149.2 trillion yen ($1.3 trillion). In the period ended June 30, domestic equities returned 2.3 trillion yen ($20.78 billion) upon the rise of the benchmark Topix index. Foreign equities increased by 1.9 trillion yen ($17.17 billion).