By Rachel Fixsen2021-05-12T15:08:00+01:00
Norway’s KLP has posted a 1.5% value-adjusted return on its investments in the first quarter of this year, saying Norwegian equities generated a 9.2% gain in the period, and real estate valuations increased to give a 0.9% return from this asset class.
In its interim report for January to March, the municipal pensions giant said the quarterly return corresponded to NOK4.7bn (€468m), and that total assets under management rose to NOK814bn at the end of March from NOK807bn at the end of 2020.
Among the main asset classes in its common portfolio, KLP reported that equities had performed the best in the reporting period, generating a 5% return, compared with loss of 15.6% in Q1 2020.