1Q 2006 Quarterly report
Total assets under management by NBIM, the investment management arm of the Norwegian central bank, rose to NOK 1715 billon (USD 260 billion) at the end of first quarter 2006. The largest fund under management, The Government Pension Fund - Global, increased by NOK 85 billion during the quarter to NOK 1484 billion.
Global equity prices continued to grow strongly in the first quarter of 2006. This applied particularly to emerging markets and the European equity markets. The greatest gains were made by companies in the process industry and other industrial production, and companies involved in the production of metals, oil and gas. Bond prices in the main markets trended downwards during the quarter.