Norway's Sovereign Wealth Fund recorded strong returns in the first half of the year |
Individual customers
Business customers

Norway's Sovereign Wealth Fund recorded strong returns in the first half of the year

Norway's sovereign wealth fund bring strong returns in the first half of the year | ECONOMY
CEO - NBIM, Nicolai Tangen. (Foto: Nils S. Aasheim/Norges Bank)

In the first half of 2021, the Government Pension Fund Global returned 9.4 percent, equivalent to 990 billion kroner.

The return on the fund’s equity investments was 13.7 percent, the return on the fixed-income investments was -2.0 percent, whereas investments in unlisted real estate returned 4.6 percent. The return on unlisted renewable energy infrastructure was -1.9 percent.

The fund’s return was 28 basis points higher than the return on the benchmark index.

“The equity investments had the most positive contribution to the return in the first half of the year, especially the investments within the energy and finance sectors. The investments in energy companies returned 19.5 percent”, says CEO of Norges Bank Investment Management Nicolai Tangen.

The health and technology sectors have had solid returns throughout the Corona pandemic, and the increase continued in the first half of the year.

“Technology companies returned 16.8 percent. Several major technology companies saw a continued increase within digital advertisement”, Tangen says.

The krone strengthened against several major currencies in course of the first half of the year. Currency movements contributed to a decrease in the fund’s value of 79 billion kroner. In the first half of the year, 147 billion kroner was withdrawn from the fund.

The fund had a value of 11,673 billion kroner as at 30 June 2021. 72.4 percent of the fund was invested in equities, 25.1 percent in fixed income, 2.4 percent in unlisted real estate, and 0.1 percent in unlisted renewable energy infrastructure.

Credit Card in Norway for Expats: 5 Things You Need to Know
You're researching "Credit Card in Norway", and you're exploring which option is best for expats. This list can help make your search easier.Roughly half a million people moved to
Things To Do In Norway - A Basic Guide
It might be a bit of a stretch to call Norway the most beautiful country in the world, but it would surely be in the running. Its deep fjords, rough shoreline, majestic
Estate valuation service in Norway | Evaluate your property with local realtor brokerages
How much is your property in Norway worth? If you're not sure, it might be a good idea to find out. Learn about this estate valuation service in Norway.In 2021, there was a 2.8%
Navigating the business landscape in Norway | A beginner's guide
Learn how to start a successful business in Norway with our guide, covering everything from the initial idea to navigating the Norwegian business environment.Starting a business
Previously article Next article

The content of this website is for information purposes only and does not constitute as advice. While we take every care to ensure the information provided is correct and up to date, please always check with your providers before committing yourselves. Some products and benefits only available from selected brokers. Our service is free to you but to operate this service we may receive a fixed fee and/or commission from the provider or broker we refer you to. Calls from consultants may be recorded or monitored for regulatory, training and quality purposes.

©™ is an appointed representative of © LOCALMARKET GROUP AS (925383082) & BUSINESS LINK NORWAY (819464332) registered in The Office of Business Enterprises in The Kingdom of Norway | Brønnøysundregistrene. Financial & Insurance Services and Markets Authority, and subject to limited regulation by the Financial Conduct Authority. Head Office Adresse: Karenslyst Alle 4, 0278 Oslo – Skøyen. Post Adresse: Postboks 358, 0213 Oslo, Norway. Email Contact: Office Contact: + 47 23 89 88 63 © Copyright 2016-2024 The LOCALMARKET GROUP ™.

This site uses cookies

Find more

I agree