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2Q 2011 Quarterly report

The Government Pension Fund Global returned 0.3 percent, or 4 billion kroner, in the second quarter of 2011 after rising bond prices outweighed a slump in large parts of the stock markets.

The results in brief

  • The Government Pension Fund Global returned 0.3 percent, or 4 billion kroner, in the second quarter of 2011. This was 0.1 percentage point lower than the return on the fund’s benchmark indices. 
  • Equity investments returned -0.7 percent, while fixed-income investments returned 1.8 percent. 
  •  The fund’s market value rose 9 billion kroner to 3,111 billion kroner. 
  • The fund held 60.5 percent in equities, 39.4 percent in fixed-income securities and 0.1 percent in real estate at the end of the quarter.

Webcast from the press conference