Norway GPFG Returns 0.1 Percent for 3Q 2021

Posted on 10/22/2021

In the third quarter of 2021, the Norway Government Pension Fund Global returned 0.1%, equivalent to 31 billion kroner. The return on the sovereign fund’s equity investments was -0.1%.

Investments in unlisted real estate returned 3.6%, whereas investments in fixed income returned 0.1%. The fund’s return was 0.25 percentage points higher than the return on the benchmark index. Unlisted renewable infrastructure investments did the worst at -0.2%.

”The equity market continued to strengthen towards August, before dipping slightly in the second half of the quarter. However, the fund has achieved somewhat higher returns than the market, particularly in our equity investments”, says Deputy CEO at Norges Bank Investment Management Trond Grande in the press release.

In the third quarter, 52 billion kroner was withdrawn from Norway Government Pension Fund Global.

The fund had a value of 11,674 billion kroner as at September 30, 2021.

Asset Allocation
71.5% of the fund was invested in equities, 25.9% in fixed income, 2.5% in unlisted real estate and 0.1% percent in unlisted renewable energy infrastructure.

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