Government Pension Fund Global
Market value
The Government Pension Fund Global’s market value fell 56 billion kroner to 3,055 billion kroner in the third quarter of 2011.
Equity investments amounted to 1,699 billion kroner at the end of the quarter, down from 1,881 billion kroner at the start of the period. Fixed-income investments rose to 1,346 billion kroner from 1,226 billion kroner and real estate investments increased to 10 billion kroner from 4 billion kroner.
The market value is affected by investment returns, capital inflows and exchange rates. The fund returned -284 billion kroner in the quarter, while capital inflows from the government were 78 billion kroner. A weakening of the krone against several major currencies increased the market value by 150 billion kroner.
The fund's market value per quarter at the end of September 2011. Billions of NOK |
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Change in the fund's market value. Billions of NOK |
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