Moderate return on the fund
press release 30 April 2014
The Government Pension Fund Global returned 1.7 percent, or 78 billion kroner, in the first quarter of 2014.
Fixed-income investments returned 2.0 percent, and equity investments 1.5 percent. The return on these investments was 0.01 percentage point higher than the return on the benchmark indices. Investments in real estate returned 2.0 percent.
"All asset classes contributed positively to the result, and there were only minor differences between them. The return was boosted by lower interest rates in the fund’s main markets, says Yngve Slyngstad, CEO of Norges Bank Investment Management, the fund’s manager.
The krone strengthened against many of the main currencies during the quarter, which decreased the fund's value by 47 billion kroner, and new capital of 41 billion kroner was transferred to the fund from the government.
The fund had a market value of 5,110 billion kroner at the end of the quarter, of which 61.1 percent was invested in equities, 37.7 percent in fixed income and 1.2 percent in real estate.
Thomas Sevang, Head of Communications and External Relations
Tel: +47 9260 1756/+47 24 07 32 76
E-mail: [email protected]