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Norway's Government Bond Fund practically untouched: "The fund's activity has been low"

Only NOK 8.8bn (EUR 850m) of the NOK 50bn (EUR 4.8bn) Norwegian Government Bond Fund is invested in domestic operations, while the remainder is parked in an account at the country's central bank.

Photo: Jens Dresling

"The Government Bond Fund's activity level has been very low so far in 2021 because the market for credit is functioning well, providing capital access from other investors," says Chief Executive Kjetil Houg of Folketrygdfondet – which manages the Government Pension Fund Norway (SPN), the smaller of the country's two sovereign wealth funds – in Folketrygdfondet's second-quarter interim report.

The Government Bond Fund was established on March 27, 2020, as a means to ease liquidity access for large companies as well as to provide both liquidity and capital access to the fixed income market, the fund writes in the quarterly statement.

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