Positive return in all asset classes
The Government Pension Fund Global returned 4.0 percent, or 240 billion kroner, in the third quarter of 2016.
Equity investments returned 6.0 percent, while fixed-income investments returned 0.9 percent. The return on these investments where 0.2 percentage point higher than the return on the benchmark indices. Investments in real estate returned 2.4 percent.
- Equity investments performed strongest during the quarter, with positive return in all regions. This was the main contributor to the fund's result, says Trond Grande, Deputy Chief Executive Officer of Norges Bank Investments Management.
In the third quarter 30 billion kroner was withdrawn from the fund. The krone appreciated against the main currencies during the quarter. This decreased the value of the fund by 268 billion kroner.
The fund had a market value of 7,119 billion kroner on 30 September, of which 60.6 percent were invested in equities, 36.3 percent in fixed income and 3.1 percent in real estate.
These results are preliminary. The complete quarterly report, including financial reporting, will be published on www.nbim.no 28 October 2016.
Thomas Sevang, Head of Communications and External Relations
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Aleksander Lee Olsen, Advisor Communications and External Relations
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