Half year report 2020

There were major fluctuations in the equity market in this period. The year started with optimism, but the outlook of the equity market quickly turned when the Corona virus started to spread globally. However, the sharp stock market decline of the first quarter was limited by a massive monetary and financial policy response

Published 18 Aug. 2020

Download the report (pdf) Read the press release

Web cast from the press conference

Deputy CEO, Trond Grande, presented the results for the for the first half 2020 at a press conference at Norges Bank on 18th August. The press conference was in Norwegian.

Download the presentation from the press conference (pdf)

The fund's return in first half of 2020

-3.4 percent

-188 billion kroner

The fund returned -3,4 percent, or -188 billion kroner, in the first half of 2020. The fund’s overall return was 11 basis points lower than the return on the benchmark index.

The market value at end of first half 2020

10,400 billion kroner

The funds market value was 10,400 billion kroner at the end of first half 2020.

7,234 billion kroner

The equity investments had a market value of 7,234 billion kroner. This was to 69.6 percent of the fund's total value.

295 billion kroner

The unlisted real estate investments had a market value of 295 billion kroner. This was to 2.8 percent of the fund's total value.

2,871 billion kroner

The fixed-income investments had a market value of 2,871 billion kroner. This was to 27.6 percent of the fund's total value.