Fund Performance
Government Pension Fund Norway (GPFN)
Article | Last updated: 07/10/2024 | Ministry of Finance
|
GPFN annual geometric average return. Measured in Norwegian kroner. Per cent |
Half year 2024 |
Last |
Last 10 years |
Since 2007 |
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GPFN |
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|
|
|
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Portfolio |
6.97 |
8.32 |
7.59 |
7.57 |
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Benchmark index |
6.50 |
7.40 |
6.63 |
6.58 |
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Excess return (percentage points) |
0.47 |
0.92 |
0.96 |
0.99 |
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|
Equities1 |
|
|
|
|
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Portfolio |
10.63 |
12.56 |
10.70 |
8.75 |
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|
Benchmark index |
10.30 |
11.81 |
9.62 |
7.53 |
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Excess return (percentage points) |
0.33 |
0.75 |
1.08 |
1.23 |
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Fixed income2 |
|
|
|
|
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Portfolio |
1.13 |
1.30 |
2.50 |
4.35 |
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|
Benchmark |
0.41 |
0.13 |
1.67 |
3.49 |
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|
Excess return (percentage points) |
0.72 |
1.17 |
0.82 |
0.87 |
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Real return |
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|
|
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Inflation |
1.44 |
3.88 |
3.22 |
2.65 |
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Management cost |
0.03 |
0.06 |
0.07 |
0.07 |
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Net real return |
5.41 |
4.21 |
4.17 |
4.72 |
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1 Nordic equity investments commenced in May 2001.
2 Nordic fixed income investments commenced in February 2007.
Sources: Folketrygdfondet and Ministry of Finance.