Half-year report 2022

Negative returns in the first half of the year

The fund’s return for the period was -14.4 percent, or -1,680 billion kroner in the first half of 2022.

Published 17 Aug. 2022

Press conference on the fund's half-year results 2022

CEO Nicolai Tangen and Deputy CEO Trond Grande presented the fund's first half 2022 results at Arendalsuka. They discussed how the market has developed so far this year, and how this has affected the fund's results. Our Chief Governance and Compliance Officer Carine Smith Ihenacho presented our new initiatives towards the companies the fund is invested in. The press conference was in Norwegian.

The fund's return in the first half of 2022

-14.4 percent

-1,680 billion kroner

-17.0% return on equity

The equity investments returned -17.0 percent.

-9.3% return on fixed income

The fixed-income investments returned -9.3 percent.

7.1% return on real estate

The unlisted real estate investments returned 7.1 percent.

-13.3% return on infrastructure

The unlisted renewable energy infrastructure investments returned -13.3 percent.

Market value

11,657 billion kroner

7,986 billion kroner

The equity investments had a market value of 7,986 billion kroner. This was to 68.5 percent of the fund's total value.

3,304 billion kroner

The fixed-income investments had a market value of 3,304 billion kroner. This was to 28.3 percent of the fund's total value.

354 billion kroner

The unlisted real estate investments had a market value of 354 billion kroner. This was to 3.0 percent of the fund's total value.

13 billion kroner

The unlisted renewable energy infrastructure investments had a market value of 13 billion kroner. This was to 0.1 percent of the fund's total value.

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