This is an archived release.
Increase in shares and bonds
At the end of June, shares and bonds and other equity in the Government Pension Fund Norway were valued at NOK 133.6 billion. This is an increase of NOK 4.2 billion from the end of 2011.
Shares and other equity were valued at a total of NOK 82.2 billion at the end of June. This is an increase of NOK 3.8 billion or 4.9 per cent from the end of 2011. The value of the bond portfolio increased slightly, from NOK 51.1 to NOK 51.4 billion, from the end of 2011 to the end of June 2012. The Fund also had deposits worth NOK 10 billion and other financial assets valued at NOK 2.2 billion at the end of June. The Fund’s total assets were valued at NOK 145.8 billion, which is NOK 6.7 billion more than at the end of June 2011.
Most of the deposits consist of received collateral in securities lending agreements. This also accounts for most of the Fund’s total liabilities of NOK 10.3 billion. The Fund’s net assets are NOK 135.5 billion.
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 Government Pension Fund Norway invests in Norway and the other Nordic countries.
The operational management of the Pension Fund Norway is carried out by the National Insurance Scheme Fund.
Table 1 has been extended to show the distribution of equity and liabilities in the financing of the fund.