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Investing in fixed income – a 25-year review

The role of fixed income in the fund is to reduce return fluctuations, meet liquidity needs and reap bond market risk premiums. These objectives stand despite today’s low interest rate environment. Today, we publish an historic review of the fund’s more than 25 years’ experience in this area.

8 September 2021

The investment strategies we use to optimise risk/reward within fixed income have been successful in increasing the return on the fund. Since inception, the excess return has been close to 86 billion kroner, with more than half of this coming in the last five-year period.  

The review looks at our approach to invest in fixed income to safeguard our assets for the long term. It explains how fixed-income management originated from the central bank’s management of the foreign exchange reserves. 

This review also tells the story of encounters with extraordinary market events, dislocation of entire market segments, bursts of market volatility, and exceptional monetary policy.  

This is the seventh in a series of historic reviews about how the fund got to where it is. 

Press contacts:
Marthe Skaar
Head of Media and External Relations
Phone: +47 926 17 663

Line Aaltvedt
Manager, Media and External Relations
Phone: +47 948 54 656

E-mail: press@nbim.no

Read the book and see the related NBIM Talk