A good start for the Government Portfolio


Íslandssjóðir's Government Portfolio has been excellently received since the fund's inception in December. It invests exclusively in government-backed bonds with a short maturity as well as deposits with financial institutions. Around one thousand individuals and institutional investors have invested a total of ISK 6 billion in the fund.

The Government Portfolio's investment strategy is to invest 70% in Treasury bonds and 30% in deposits with financial institutions. The proportion of government bonds in the portfolio may be increased to 100% and that of deposits to 50%. The fund has a prudent asset mix of government-backed bonds and deposits, thereby securing a low-risk portfolio. A short average maturity results in less price fluctuations for the bonds in response to changes in their market yields. The fund is actively managed and has delivered good returns since its launch.

The Government Portfolio is managed by Íslandssjóðir, a subsidiary of Íslandsbanki and a leader in the management of government bond funds in the Icelandic market. Íslandssjóðir has extensive experience in the management of government bond funds, having operated under the name Glitnir Funds before Íslandsbanki's rebranding.

Older news

Islandsbanki hf.: Íslandsbanki issues SEK 1 billion callable 4-year bond (4NC3)

19.04.2018 - IR Releases
Íslandsbanki has today issued a SEK 1 billion 4NC3 Floating Rate Note senior unsecured bond, at a spread of 80 basis points over 3-month STIBOR.More

New tourism industry report

According to Íslandsbanki’s new tourism industry report, Airbnb is now three times larger in the domestic market than all of Iceland’s guest houses...More

Sales process of Iceland Drilling initiated

A sales process has been initiated for the sale of all shares in Iceland Drilling. Iceland Drilling is owned by SF III, a fund managed by Stefnir...More

Lyf og heilsa acquires constrction company Trésmiðjan Börkur

The owners of Börkur hf. have come to an agreement on the sale of a 100% stake in the company to Lyf og heilsa hf. Delivery of the company to its new...More

Íslandsbanki Annual General Meeting 2018

22.03.2018 - IR Releases
Íslandsbanki’s Annual General Meeting (AGM) was held today, Thursday 22 March 2018, at 15:00 hrs., at the Bank’s headquarters in Hagasmári 3...More

Year 2017 reports

14.02.2018 - IR Releases
Íslandsbanki released its annual financial results for 2017 this morning. The Bank has now published its Annual Audited Financial Statements, Annual...More

Annual Consolidated Statements 2017

14.02.2018 - IR Releases
Profit after tax was ISK 13.2bn in 2017, compared to ISK 20.2bn in 2016. The profit in 2016 was considerably higher due to one-off income from the...More