NBIM lags return benchmark in Q2, steps up portfolio risk

The return produced by Norges Bank Investment Management for Norway's sovereign wealth fund in the second quarter undershot its benchmark ­ as the Oslo-based central bank investment arm increased the huge fund's equity exposure.
NBIM's Deputy CEO, Trond Grande, presented the Q2 result Tuesday at a press conference alongside Egil Marts, Deputy Governor of Norges Bank. | Photo: PR: NBIM
NBIM's Deputy CEO, Trond Grande, presented the Q2 result Tuesday at a press conference alongside Egil Marts, Deputy Governor of Norges Bank. | Photo: PR: NBIM

Norges Bank Investment Management (NBIM) returned 1.8 percent in second quarter for Norway's Government Pension Fund Global (GPFG), boosting the market value of the sovereign wealth fund's (SWF) assets by EUR 22 billion to EUR 862 billion.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
Must contain at least 6 characters
Must contain at least 2 characters
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Share article

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now


Further reading