Positive return in the third quarter
The Government Pension Fund Global returned 4.4 percent, equivalent to 835 billion kroner, in the third quarter of 2024.
22 October 2024
The return on the fund’s equity investments was 4.5 percent, the return on the fixed income investments was 4.2 percent, whereas investments in unlisted real estate returned 0.8 percent. The return on unlisted renewable energy infrastructure was 10.8 percent.
The fund’s return was 0.1 percentage point lower than the return on the benchmark index.
"We had a positive return across all our investment areas. Falling interest rates led to a broad rise in the stock market”, says Deputy CEO Trond Grande.
The krone weakened against several of the main currencies during the quarter. This contributed to an increase in the fund’s value in kroner by 191 billion. In this third quarter, inflow into the fund amounted to 99 billion kroner.
The fund had a value of 18 870 billion kroner as of 30 September 2024. 71.4 percent of the fund was invested in equities, 26.8 percent in fixed income, 1.7 percent in unlisted real estate, and 0.1 percent in unlisted renewable energy infrastructure.
Press contact:
Une Solheim
Communications Advisor
Tel: +47 918 58 627
E-post: press@nbim.no