Tech Stocks Lead Norway’s Pension Giant to 6.3% Return in Q1
Equities help spur the $1.6 trillion Government Pension Fund Global’s nearly $110 billion investment gain during the quarter.
Equities help spur the $1.6 trillion Government Pension Fund Global’s nearly $110 billion investment gain during the quarter.
Despite double-digit gains that raised the fund’s value to nearly $3 billion, the returns fell just short of the pension benchmark’s performance.
Investors see the U.S. macroeconomic environment at its most encouraging to equities in years, according to S&P Global.
The School Employees Retirement System of Ohio topped its benchmark and raised its asset value to $17.8 billion.
The strong performance raised the National Pension Service’s asset value to approximately $740 billion.
The returns are expected to reduce the city’s required contributions to the pension systems by approximately $550 million over the next five years.
Pension giant is seeking a better way to implement its China equity exposure.
Liselott Ledin was placed on leave after Sweden’s largest pension fund lost almost $2 billion during recent U.S. banking failures.