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
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.
The fund's return in first half of 2020
-188 billion kroner
The market value at end of first half 2020
10,400 billion kroner
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.