– Stock markets have gone up in the second quarter, emerging markets have seen the best return, says Oil Fund chief Yngve Slyngstad.
The Fund is invested in equities, debt securities and real estate. Equity returns ended at 4 percent, while the yield on fixed income securities totaled 2.0 percent. Eiendsominvesteringene thrown off by 3 per cent.
– markets have been applied much liquidity, and it has driven asset prices rise. We observed lower market volatility, but we must be prepared for fluctuations in the fund’s value going forward, says Slyngstad.
At the end of the second quarter, the fund had a total of 5,478 billion Norwegian kroner. 61.3 percent was invested in equities, 37.6 per cent in debt securities and 1.2 percent in real estate.
At the same time announced Norges Bank Investment Management (NBIM) Tuesday that the management team strengthened with six people to a total of twelve.
– We strengthen property management with a dedicated management team. We get investment departments adapted the core strategies, and strengthening risk and control functions, said Slyngstad.
The changes in the new management team will enter into force on 1 October this year.
NBIM now has a goal of building a global, but concentrated real estate portfolio. The bank plans to increase property investment by 1 percent of the fund each year for the next three years.
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