1Q 2010 Quarterly report
The Norwegian Government Pension Fund Global returned 3.9 percent (103 billion kroner) in the first quarter of 2010, helped by gains in global equity and fixed-income markets. The result was 0.4 percentage point higher than the return on the fund’s benchmark portfolio.
7 May 2010
The results in brief
- The Government Pension Fund Global returned 3.9 percent in the first quarter of 2010, driven by gains in global equity and fixed-income markets. The result was 0.4 percentage point higher than the return on the fund’s benchmark portfolio.
- The fund’s equity investments returned 4.9 percent, while fixed-income investments returned 2.1 percent measured in international currency.
- The fund’s market value rose 123 billion kroner to 2,763 billion kroner.
- Inflows of new capital to the fund were 19 billion kroner, the lowest since the fourth quarter of 2003.
- The fund had 62.6 percent of its investments in equities and 37.4 percent in fixed-income securities at the end of the first quarter.
- Norges Bank on March 1 got a mandate to invest as much as 5 percent of the fund in real estate, by reducing fixed-income investments correspondingly.