The Government Pension Fund Global posted a 5.45 percent return, or the equivalent of NOK 219 billion, in the first quarter.
Equity investments returned 8.3 percent, while the return on the fixed-income portfolio was 1.1 percent. The return on the fund was 0.3 percent higher than on the benchmark index. Investment in real estate returned -0.3 percent.
“Participation is in line with our long-term intention of establishing closer contact with company boards with a view to safeguarding the fund’s values,” says Yngve Slyngstad.