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

Íslandsbanki issues EUR 300m bond and announces partial buyback of its 2020 EUR 500m bond

04.04.2019 - IR Releases
Íslandsbanki has today issued a EUR 300m 1.125% fixed rate senior unsecured bond for 3 years, at a spread of 130 basis points over mid-swaps.More

Annual General Meeting 2019 - agenda, candidates and proposals

The Annual General Meeting of Íslandsbanki hf. will be held on March 21, 2019 at the Bank's headquarters, Hagasmári 3, 201 Kópavogur at 15:00.More

Publication of 2018 Annual Report and Pillar 3 Report

13.02.2019 - IR Releases
Íslandsbanki has published an Annual Report and Pillar 3 Report for 2018. More

Annual Results 2018

13.02.2019 - IR Releases
The Bank and Íslandssjóðir turned in a good operating performance during the year, with a consolidated profit of ISK 10.6bn, while operational...More

Publication of 2018 year-end results

30.01.2019 - IR Releases
Close of business Wednesday, 13 February 2019More

Íslandsbanki to terminate credit rating contract with Fitch Ratings

30.01.2019 - IR Releases
Íslandsbanki informs that following expiration and by agreement of parties, the credit rating service contract between Fitch Ratings and Íslandsbanki...More

Ásmundur Tryggvason to direct Corporate and Investment Banking

Ásmundur Tryggvason has been engaged as director of Corporate and Investment Banking at Íslandsbanki. He replaces Vilhelm Már Þorsteinsson, who will...More