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
The fund’s return for the period was -14.4 percent, or -1,680 billion kroner in the first half of 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 returned -14.4 percent, or -1,680 billion kroner, in the first half of 2022. The fund's total return was 1.14 percentage points higher than the return on the benchmark index.
The equity investments returned -17.0 percent.
The fixed-income investments returned -9.3 percent.
The unlisted real estate investments returned 7.1 percent.
The unlisted renewable energy infrastructure investments returned -13.3 percent.
The fund's market value was 11,657 billion kroner at the end of the first half of 2022.
The equity investments had a market value of 7,986 billion kroner. This was to 68.5 percent of the fund's total value.
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.
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.
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.
