11298
/en/offentlig-sektor/statistikker/folketrygdfond/halvaar
11298
Government Pension Fund - Norway increasing
statistikk
2009-09-25T10:00:00.000Z
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 2009

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 increasing

At the end of the first half of 2009, the Government Pension Fund - Norway's total assets amounted to NOK 101.8 billion. This was an increase of NOK 12.1 billion, or about 14 per cent, compared to the end of 2008. Compared to the first half of 2008, there was however a decrease of NOK 13.8 billion, or almost 12 per cent.

The portfolio of shares and other equity had a market value of NOK 63.6 billion at the end of the first half of 2009, up from NOK 45.6 billion at the end of 2008. This represented an increase of NOK 18 billion, or 40 per cent. The portfolio of bonds had a market value of almost NOK 35 billion, compared to NOK 38.8 billion at the end of 2008. This was a decrease of NOK 3.8 billion, or 10 per cent. As of the first half of 2009, the fund had no holdings in commercial papers, down from NOK 1.9 billion at the end of 2008. The holdings of bank deposits and other financial assets totalled NOK 3.2 billion.

Composition of portfolio

The value of the portfolio of shares and other equity increased its share of the value of the total assets of the fund in the first half of 2009, and stood at 63 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 and holdings in central government.

The total value of holdings in bonds and shares and other equity in the other Nordic countries amounted to NOK 18.6 billion at the end of the first half of 2009. These constituted a little more than 18 per cent of the total assets of the fund, which was the same share as at the end of 2008.

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.

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