Equities boost Norway’s SWF in Q1 2019
Overall portfolio returns 9.1%, while equity investments yield 12.2%
The Norwegian Government Pension Fund Global (GPFG) has recorded an overall return of 9.1% for the first quarter of this year, boosted by higher stock prices, said Norges Bank on May 3.
The fund’s total value was recorded at 8,938 trillion krone as of March 31, (more than $1 trillion). Despite the higher returns, the appreciation of the national currency over the last few months reduced the fund’s value in local currency by 60 billion krone.
Equities were the best-performing part of the
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