2023-04-28 06:10:00
NORWAY PENSION FUND RETURNED 5.9%
NBIM - 21 April 2023 - In the first quarter of 2023, the Government Pension Fund Global returned 5.9 percent, equivalent to 893 billion kroner.
The return on the fund’s equity investments was 7.4 percent. Investments in fixed income returned 2.7 percent, whereas unlisted real estate returned -1.0 percent and unlisted renewable energy infrastructure returned -3.8. The fund’s return was 0.06 percentage point below the return on the benchmark index.
“The equity investments had the most positive contribution to the return in the quarter. The rise of the equity market was to a great extent driven by the technology and consumer discretionary sector”, says Deputy CEO at Norges Bank Investment Management, Trond Grande.
The krone depreciated against several of the main currencies during the quarter. The currency movements contributed to a considerable increase in the fund’s value of 755 billion kroner. The inflow into the fund amounted to 217 billion kroner.
The fund had a value of 14,294 billion kroner as of 31 March 2023. 70.1 percent of the fund was invested in equities, 27.3 percent in fixed income, 2.4 percent in unlisted real estate, and 0.1 percent in unlisted renewable energy infrastructure.
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Earlier:
2023, March, 24, 07:00:00
NORWAY OIL, GAS PRODUCTION 1.994 MBD
Preliminary production figures for February 2023 show an average daily production of 1 994 000 barrels of oil, NGL and condensate.
2023, March, 15, 06:40:00
NORWAY PENSION FUND RETURNED -14.1% YET
The fund returned -14.1 percent, or -1,637 billion kroner, in a year of rising interest rates, high inflation and war in Europe. However, the market value of the fund increased by 90 million kroner in 2022.
2023, February, 22, 11:05:00
NORWAY OIL, GAS PRODUCTION 1.979 MBD
Preliminary production figures for January 2023 show an average daily production of 1 979 000 barrels of oil, NGL and condensate.
2023, February, 3, 10:55:00
NORWAY PENSION FUND RETURNED -14.1%
In 2022, the Government Pension Fund Global returned -14.1 percent, equivalent to -1,637 billion kroner.
2023, January, 23, 12:05:00
NORWAY OIL, GAS PRODUCTION 1.983 MBD
Preliminary production figures for December 2022 show an average daily production of 1 983 000 barrels of oil, NGL and condensate.
2023, January, 11, 11:30:00
NORWAY'S GAS TO EUROPE GROWTH
Norway has pledged to do as much as it can to boost gas deliveries to Europe to help counter record high gas prices triggered by the war in Ukraine and much lower Russian supplies.
2022, November, 23, 10:05:00
NORWAY OIL, GAS PRODUCTION 1.950 MBD
Preliminary production figures for October 2022 show an average daily production of 1 950 000 barrels of oil, NGL and condensate.
