Norway wealth fund's giant stock portfolio beats benchmark index

Norway's sovereign wealth fund, the world’s biggest, returned NOK 382bn (USD 45.7bn) in the first quarter after gains in its stock portfolio made up for bond losses.

Chief Executive Nicolai Tangen, a former hedge-fund manager who's been running Norway's giant sovereign investment vehicle since September, has started relying more on external asset managers to help squeeze out higher returns. | Photo: Tony Colli/PR

The Oslo-based fund had an overall return of 4 percent, 24 basis points more than the benchmark set by the country's finance ministry, it said in a statement on Wednesday.

Equity investments gained 6.6 percent, fixed-income fell 3.2 percent while unlisted real estate returned 1.4 percent.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

SSGA launches HY index fund with ESG screens in effort to convert active investors

95 percent of active global high-yield managers struggle to consistently add value net of fees, according to the world's fourth-largest asset manager ahead of launching a global HY index fund. However, a recent survey by consultancy Kirstein showed a vast majority of Nordic investors preferring their HY portfolios actively managed.

Further reading

Related articles

Latest news

See all jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch