the Case is updated.
its oil wealth has the last time been well-paid for the investments.
Between July and september was the return from the shares of 6 per cent, shows the preliminary results for the Government pension fund global in this year’s third quarter.
– equity investments had the strongest returns in the quarter, and there were positive returns in all regions. This was the largest contributor to the fund’s results, ” says Trond Grande, deputy head of Norges Bank Investment Management (NBIM).
Investments in securities gave a return of 0.9 per cent, which meant that the total return came in at 0.2 per cent over the terms of the benchmark return.
Investments in real estate had a return of 2.4 per cent. The total markedsavkastningen was 4 per cent.
Took the money
But despite the fact that the investment gave positive returns on a total of 240 billion, fell the value of the fund between July and september.
It is caused by two things. For the first strengthened the krone exchange rate against hovedvalutaene in the course of the quarter. It gave a loss of 268 billion.
It was a pretty significant kronestyrking in the quarter, ” says Grande.
In addition, minister of finance Siv Jensen, and the government taken out a further 30 billion of the fund for use in the state.
Siv Jensen: – Oljefesten is over
It allows that the fund overall was reduced by 58 billion.
Less than at the end of the year
It is the third quarter in a row that it’s taken money out of the fund. Previous years it has been the added money to the fund.
When the rule
At the end of september was the size of its oil wealth 7.119 billion.
60,6 per cent was invested in shares, 36,3 per cent in fixed income and 3.1 percent in real estate.
By the end of the year was the fund’s value of 7.425 billion.
The final interim report comes 28. October.
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