Oil fund in the first half of the year

The return on investment in the fund’s shares was minus 17.0 percent, the return on interest investment was minus 9.3 percent, while investments in unlisted properties had a return of 7.1 percent. The return on unlisted infrastructure for renewables is minus 13.3 percent, according to a press release.

All sectors glowed red with the exception of energy, which had a 13 percent return. It fared worst in technology, where its returns were minus 28 percent, weighed down by falling US tech stocks such as Apple, Microsoft, Alphabet and Amazon. Stocks in these companies are also the four largest items in the fund at the turn of the year.

The fund’s return was 1.14 percentage points better than the return on the benchmark index, corresponding to NOK 156 billion.

The fund received NOK 356 billion in the first half of the year, while a weaker krone contributed to an increase in the value of the fund by NOK 642 billion.

The fund has a value of NOK 11,657 billion as of June 30, 2022. At the time of writing, the value of the fund is NOK 12,285 billion, up NOK 628 billion since the turn of the year. By early 2022, its value would be NOK 12,340 billion.

Whole half year report

Georgie Burke

"Music maven. Evil pop culture lover. Unapologetic creator. Friend of animals everywhere."

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