Government Pension Fund Global declines

Government Pension Fund Global declines


The Government Pension Fund Global returned -2.5%, or -86 billion kroner, in 2011 as global stock markets slumped. Equity investments returned -8.8% in 2011 as stocks fell in Europe, where the fund had half its shareholdings at the end of the year. Fixed-income investments returned 7%, boosted by rising prices on government bonds from countries such as the US, the UK and Germany. The overall return was 0.1% point lower than the return on the fund’s benchmark indices, Norway’s Cent...


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