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11340
Government Pension Fund - Norway fell by 3 per cent
statistikk
2010-11-09T10:00:00.000Z
Public sector
en
folketrygdfond, Government Pension Fund Norway (discontinued), National Insurance Scheme Fund, shares, interests, bank deposits, bonds, primary capital certificates, assets, liabilities, equityCentral government finances , Public sector
false

Government Pension Fund Norway (discontinued), 1st half-year 2010

This statistics has been discontinued. Consult The Government Pension Fund.

 

The operational management of the Pension Fund Norway is carried out by the National Insurance Scheme Fund.

 

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Government Pension Fund - Norway fell by 3 per cent

At the end of June 2010, the Government Pension Fund - Norway’s total assets amounted to NOK 115.1 billion, down from NOK 118.8 billion at the end of 2009. This constitutes a decrease of about 3 per cent. Compared to the first half of 2009, there was an increase in total assets of NOK 13.3 billion, or 13 per cent.

The portfolio of shares and other equity had a market value of NOK 66.7 billion at the end of the first half of 2010, down from NOK 73.3 billion at the end of the second half of 2009. This represented a decrease of almost 9 per cent. The portfolio of bonds had a market value of NOK 44.5 billion, compared to NOK 41.8 billion at the end of the first half of 2008. This was an increase of 6.4 per cent. The holdings of bank deposits, commercial papers and other financial assets amounted to NOK 3.9 billion.

The composition of the portfolio

The value of the portfolio of shares and other equity reduced its share of the value of the total assets of the fund in the first half of 2010, and stood at 58 per cent. The main elements in this portfolio were holdings in private non-financial enterprises, central government enterprises and the other Nordic countries. In the portfolio of bonds, the largest holdings were in savings banks, followed by holdings in the other Nordic countries.

The total value of holdings in bonds and shares and other equity in the other Nordic countries amounted to NOK 22.5 billion at the end of the first half of 2010. These constituted 19.5 per cent of the total assets of the fund; an increase from 17.8 per cent at the end of 2009.

Government Pension Fund - Norway

The Government Pension Fund was established on 1 January 2006. The Fund consists of the Government Pension Fund - Global, which is a continuation of the Petroleum Fund, and The Government Pension Fund - Norway, previously known as the National Insurance Scheme fund. The Pension Fund - Norway invests in Norway and the other Nordic countries.

The operational management of the Pension Fund - Norway is carried out by Folketrygdfondet.