BEST QUARTER: Norway’s SWF Posts 5.3% Quarterly Return

Yngve Slyngstad

Yngve Slyngstad

Norway’s Government Pension Fund Global (GPFG) posted a 5.3% return for the first quarter of 2015 – earning a quarterly record of 401 billion kroner. The previous best performing quarters were in 2009, when the wealth fund generated 270 billion kroner in the second quarter and 325 billion in the third quarter. A key contributor to the performance was a rally in European listed equities. European Central Bank (ECB) signalling to quantitative measures have influenced European equity markets. The wealth fund had 7,012 billion kroner (US$ 876.76 billion) in assets on March 31, 2015.

Institutional Investor Profile – Norway’s Sovereign Wealth Fund

Norway’s GPFG returned 7.5% in equity investments for the 1st quarter of 2015. Fixed income investments earned 1.6%, while real estate investments returned 3.1%.

According to the press release, Yngve Slyngstad, CEO of Norges Bank Investment Management commented, ” There were big price movements in the European market. After a weak return on European stocks last year, the market rallied in the first quarter.”

In addition, 5 billion kroner was transferred from the government to the sovereign wealth fund in the first quarter of 2015.

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