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.
BY SEBASTIAN HOLSEN, TRANSLATED BY DANIEL FRANK CHRISTENSEN
"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.
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