Half-year report 2022
The fund’s return for the period was -14.4 percent, or -1,680 billion kroner in the first half of 2022.
Published:
17 August 2022
Press conference on the fund's half-year results 2022
CEO Nicolai Tangen and Deputy CEO Trond Grande presented the fund's first half 2022 results at Arendalsuka. They discussed how the market has developed so far this year, and how this has affected the fund's results. Our Chief Governance and Compliance Officer Carine Smith Ihenacho presented our new initiatives towards the companies the fund is invested in. The press conference was in Norwegian.
The fund's return in the first half of 2022
-14.4
percent
-1,680
billion kroner
The fund returned -14.4 percent, or -1,680 billion kroner, in the first half of 2022. The fund's total return was 1.14 percentage points higher than the return on the benchmark index.
-17.0%
return on equity
The equity investments returned -17.0 percent.
-9.3%
return on fixed income
The fixed-income investments returned -9.3 percent.
7.1%
return on real estate
The unlisted real estate investments returned 7.1 percent.
-13.3%
return on infrastructure
The unlisted renewable energy infrastructure investments returned -13.3 percent.
Market value
11,657 billion kroner
The fund's market value was 11,657 billion kroner at the end of the first half of 2022.
Equities
7,986 billion kroner
The equity investments had a market value of 7,986 billion kroner. This was to 68.5 percent of the fund's total value.
Fixed income
3,304 billion kroner
The fixed-income investments had a market value of 3,304 billion kroner. This was to 28.3 percent of the fund's total value.
Real estate
354 billion kroner
The unlisted real estate investments had a market value of 354 billion kroner. This was to 3.0 percent of the fund's total value.
Infrastructure
13 billion kroner
The unlisted renewable energy infrastructure investments had a market value of 13 billion kroner. This was to 0.1 percent of the fund's total value.