Investor Presentaiton
LARGE GROWTH OPPORTUNITY IN JAPAN
Japan's Institutional AUM1
+12% per annum
$2.6 tn
Opportunity for leading managers
Japanese institutions have a growing
preference to rely on external managers
Share of externally managed assets in
Government Pension Investment Funds'
portfolio (2018 vs. 2013)²
PGIM's Positioning in Japan
Total AUM³
# 3 foreign manager
as of March 2018
Domestic Pension³
$1.5 tn
Mar. 2013
Mar. 2018
($ USD tn)
1.5
1.0
December 2015
March 2018
# 12
#5
0.75
76%
foreign manager
0.50
65%
Privately Placed Investment Trusts4
August 2015
July 2018
Mar. 2013
Internally Managed
Mar. 2018
Externally managed
#6
# 4
foreign manager
1) The Investment Trusts Association, Japan and The Japan Investment Advisers Association. The data is a combination of assets of privately placed investment trusts and those of
discretionary managed accounts for Japanese institutional investors. The data uses an exchange rate of 111 yen per U.S. dollar.
2) GPIF (Review of Operations in Fiscal 2012 & Review of Operations in Fiscal 2017).
3) "Nenkin Joho" by R&I used with permission as of December 31, 2015 & March 31, 2018. Total AUM is of discretionary managed accounts.
4) The Investment Trusts Association, Japan, as of August 31, 2015 & July 31, 2018.
Prudential
Tokyo Investor Day 9.27.2018
5View entire presentation