The Global Government Pension Fund, the world's largest sovereign wealth fund, said it was worth 17.7 trillion crowns at the end of March.

He described the relative return during the first three months of this year as good for equity and fixed income investments, but pointed out that this was compensated for by weak results in the real estate sector, which led to a negative result in general.

The return on the fund’s investments in stocks, in the first quarter, was 9.1%, while the return on fixed income investments was negative 0.4%, and investments in unlisted real estate was negative 0.5%.

The fund said that the return on unlisted renewable energy infrastructure reached negative 11.4%. The fund’s return was 0.1 percentage points lower than the return of the benchmark index. (agencies)