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262798
Increase in portfolio investments after turbulent year in the financial markets
statistikk
2016-07-01T10:00:00.000Z
External economy
en
portinvutl, Portfolio investment abroad, assets, securities, shares, bondsForeign assets and liabilities , External economy
false
The statistics shows the Norwegian portfolio investment by sector, instrument and country.

Portfolio investment abroad, 2015

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Increase in portfolio investments after turbulent year in the financial markets

Norway’s portfolio investments abroad amounted to NOK 9 062 billion at the end of 2015. This is equal to an increase of 15 per cent from the end of 2014.

Norway's portfolio investment abroad, by type of sector and financial instrument per 31 December. NOK billion.Published 1 July 2016
2012201320142015
Portfolio investment, total4 9966 4137 9049 062
Sector
Central Government3 8115 0486 3417 362
Banks226250237252
Insurance and pension funds394443494559
Unit trusts273362433457
Other financial corporations191173236240
Non-financial corporations, households etc.102138162193
Object
Equities, for all sectors2 7933 7054 6005 310
Debt securities, for all sectors2 2032 7083 3033 752

Source: Statistics Norway

2015 was a turbulent year with declining oil prices, currency turmoil and weak growth in the financial markets. The Norwegian Krone weakened throughout the year, and a is large factor behind the increased value of the portfolio investments.

The central government sector dominates

The central government sector, dominated by the Government Pension Fund Global, was the largest investment sector in 2015, as it has been for the last few years. The central government’s portfolio investments amounted to 81 per cent, or NOK 7 362 billion of Norway’s total investments in 2015. The investment strategy of Government Pension Fund Global, with an equity share of 60 per cent, is visible in Norway’s total portfolio investments. The distribution between equity and debt instruments in the total figures was 59 to 41 per cent in 2015.

Largest investments in developed financial markets

The investments in the ten largest investment countries amounted to 73 per cent of the total portfolio investments at the end of 2015. Norway had its largest portfolio investment in the USA, with NOK 2 691 billion. United Kingdom, Japan, Germany and France follow as the biggest investment countries. In general we find Norway’s biggest investments in well developed financial markets.

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New figures have been published for 2012 - 2015. The figures for 2015 are preliminary.