1Q 2011 Quarterly report

The Government Pension Fund Global returned 2.1 percent, or 59 billion kroner, in the first quarter of 2011 as stock market gains in Europe and the US offset a drop in Asian share prices.

Published: 13 May 2011
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Press release

The results in brief

  • The Government Pension Fund Global returned 2.1 percent, or 59 billion kroner, in the first quarter of 2011. The result exceeded the return on the fund’s benchmark indices by 0.3 percentage point. 
  • Equity investments returned 2.9 percent, while fixed-income investments returned 0.7 percent. 
  • The fund’s market value rose 24 billion kroner to 3,102 billion kroner. 
  • The fund was invested 61.3 percent in equities, 38.6 percent in fixed-income securities and 0.1 percent in real estate at the end of the quarter. 

Webcast from the press conference