2020-02-28 15:15:00
NORWAY'S PENSION FUND RETURNED 19.9%, $201 BLN
NBIM - 27 February 2020 - In 2019, the Government Pension Fund Global returned 19.9 percent, equivalent to 1,692 billion kroner.
This is the highest return measured in kroner in a single year in the fund's history. It is also the second best return measured as a percentage.
"2019 has been a very good year for the fund. The market value of the fund increased by 1,832 billion kroner to 10,088 billion kroner at the end of the year. This is the greatest increase in value in a single year in the fund's history", says Øystein Olsen, Chair of Norges Bank's Executive Board.
The equity investments returned 26.0 percent. The unlisted real estate investments returned 6.8 percent, whereas the return on the fixed income investments was 7.6 percent. The fund's total return was 0.23 percentage points higher than the return on the benchmark index.
"2019 has been a great year in the fund's history, driven by positive equity returns in all of the fund's principal markets and in all equity sectors", says CEO of Norges Bank Investment Management Yngve Slyngstad.
The fund amounted to a total of 10,088 billion kroner as at 31 December 2019, of which 70.8 percent was invested in equity, 2.7 percent in unlisted real estate and 26.5 percent in fixed income.
The krone depreciated against several of the main currencies in the course of the year. This contributed to an increase in the fund's value of 127 billion kroner. The transfer of capital from the Norwegian government was 18 billion kroner for the year as a whole.
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Earlier:
2019, November, 1, 13:50:00
NORWAY'S FUND RETURNED $26 BLN
The Government Pension Fund Global returned 1.6 percent, or 236 billion kroner, in the third quarter of 2019.
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2019, October, 28, 13:50:00
NORWAY'S FUND $1.09 TLN
23 years ago, the Government Pension Fund Global received the first inflow from the Ministry of Finance of nearly 2 billion kroner. Since then, the fund has grown to 10,000 billion kroner.
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2019, August, 21, 12:20:00
NORWAY'S FUND RETURNED 3%
Norway's the Government Pension Fund Global returned 3.0 percent, or 256 billion kroner, in the second quarter of 2019.
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