[Article, Ministry of Finance, 01.01.2014]
The return on the GPFG in the first half of 2014 was 5.0 percent, measured in the currency basket of the Fund. When measured in Norwegian kroner, the return on the Fund was 7.0 percent. The difference between the return in Norwegian kroner and in the currency basket of the Fund was caused by depreciation of the Norwegian krone relative to the currency basket of the Fund over this period. However, the return in international currency is the relevant measure with regard to developments in the international purchasing power of the Fund. The return on the equity portfolio was 5.5 percent, the return on the fixed-income portfolio was 4.1 percent, and the return on the real estate portfolio was 5.1 percent, as measured in the currency basket of the Fund.