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2Q 2012 Quarterly report

The Government Pension Fund Global returned -2.2 percent, or -77 billion kroner, in the second quarter of 2012 as global stock markets declined.

The results in brief

  • The fund returned -2.2 percent, or -77 billion kroner, in the second quarter of 2012. 
  • Equity investments returned -4.6 percent and fixed-income investments returned 1.5 percent. The overall return was 0.2 percentage point lower than the return on the fund’s benchmark indices. 
  • Investments in real estate returned 0.3 percent. 
  • The fund’s market value rose 65 billion kroner to 3,561 billion kroner. 
  • The fund held 59.6 percent in equities, 40.1 percent in fixed income and 0.3 percent in real estate at the end of the quarter. 

Webcast from the press conference