Kjell Jøran Hansen
The fund recorded an 8.6% investment return, partially attributed to the devaluation of the country's currency and increasing stock prices, particularly in tech and finance sectors.
Revenue from investing in stocks equaled 12.5%, while in real estate it was 1.5%. Simultaneously, the fund experienced a 0.6% decrease in returns from fixed-income investments and a 17.7% decrease in returns from renewable energy assets.
As of June 30, the fund's worth was 17.745 trillion NOK, showing an increase of 1.98 billion NOK from the year-end 2023 value. 72% of the investment portfolio in the first half of the year was allocated to equities, while bonds made up 26.1%, real estate 1.7%, and RES 0.1%.
The devaluation of the currency in comparison to several main global currencies raised the fund's worth by 315 billion kronor in the past year. According to the statement, public funds totaling 188 billion kronor were received.
source: ft.com
Revenue from investing in stocks equaled 12.5%, while in real estate it was 1.5%. Simultaneously, the fund experienced a 0.6% decrease in returns from fixed-income investments and a 17.7% decrease in returns from renewable energy assets.
As of June 30, the fund's worth was 17.745 trillion NOK, showing an increase of 1.98 billion NOK from the year-end 2023 value. 72% of the investment portfolio in the first half of the year was allocated to equities, while bonds made up 26.1%, real estate 1.7%, and RES 0.1%.
The devaluation of the currency in comparison to several main global currencies raised the fund's worth by 315 billion kronor in the past year. According to the statement, public funds totaling 188 billion kronor were received.
source: ft.com