The results in brief
- The Government Pension Fund Global returned 7.1 percent, or 234 billion kroner, in the first quarter of 2012, helped by rising global stock markets and gains on corporate and bank bonds.
- Equity investments returned 11 percent and fixed-income investments returned 1.6 percent. The overall return was 0.3 percentage point higher than the return on the benchmark indices.
- The fund’s market value rose 185 billion kroner to 3,496 billion kroner.
- The fund held 60.7 percent in equities, 39 percent in fixed income and 0.3 percent in real estate at the end of the quarter.