Fixed income drives Q1 returns for Norway SWF

nbim-chief-yngve-slyngstad — Yngve Slyngstad

- Central Banking Newsdesk
- 30 Apr 2014

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Norway's sovereign wealth fund (SWF), the Government Pension Fund Global, produced a return of 1.7% in the first quarter of 2014, with fixed income contributing a higher rate of return than equities and a strong krone hitting the value of the fund.

Fixed income investments returned 2%, and equity investments 1.5%, the quarterly report said. Investments in real estate, a new asset class for the fund, returned 2%. The fund had a market value of Nkr5,110 billion ($852 billion) at the end of the

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