AMWatch

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
by SØREN RATHLOU TOP

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.

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