Government Pension Fund Global
Market value
The Government Pension Fund Global’s market value increased 234 billion kroner to 3,312 billion kroner in 2011.
The market value of equity investments rose 54 billion kroner to 1,945 billion kroner during the year and fixed-income investments climbed 170 billion kroner to 1,356 billion kroner. The fund’s first real estate investments were made in 2011 and had a market value of 11 billion kroner at the end of the year.
The market value is affected by investment returns, capital inflows and exchange rates. The fund returned -86 billion kroner in 2011, while capital inflows from the government were 271 billion kroner, the most since 2008. A weakening of the krone against several major currencies increased the market value by 49 billion kroner.
The fund's market value per quarter at the end of December 2011. Billions of NOK |
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Change in the fund's market value. Billions of NOK |
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