Government Pension Fund Norway (discontinued), 1st half-year 2001

The balance sheet of the National Insurance Scheme Fund indicates that a large part of the Fund is placed in "safe" investments such as loans to the central government and bonds. In the end of June 2001, the Funds share of loans amounted to 56 per cent, or NOK 72,2 billion, of the Funds total capital.

12 per cent in shares

Only 20 per cent of the Funds total capital can be invested in shares and other equities, and at the end of June 12 per cent of the Funds capital was invested in shares.

The National Insurance Scheme Funds moderate investments in shares and other equities have resulted in a return higher the all-share index of the Oslo Stock Exchange. The total capital of the Fund increased by almost 1 per cent the first half of 2001, while the all-share index of the Oslo Stock Exchange fell by 5 per cent in the same period.

Tables:

• Table 1 National Insurance Scheme Fund. Balance sheet. 30 June 1996 - 30 June 2001. Million kroner
• Table 2 National Insurance Scheme Fund. Bonds and shares and other equity by debtor sector. Million kroner