Norway SWF Gets Post-Brexit Bump

Norway’s Government Pension Fund Global (GPFG) has generated a 4% return, 240 billion NOK, for the third quarter of 2016 (ended September 30, 2016). Equity investments returned 6%, mostly due to a post-Brexit rally. In addition, fixed income generated a 0.9% return, while real estate returned 2.4% for the quarter.

Institutional Investor Profile of Norway’s GPFG

The wealth fund has a market value of 7,119 billion NOK at the end of the third quarter. The GPFG was 60.6% invested in equities, 36.1% in fixed income and 3.1% in real estate.

The wealth fund sold its 45% ownership interest in two logistics properties in the U.S. for 751 million NOK during the third quarter, while loading up on U.S. offices in Washington DC and San Francisco.

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