Article | Last updated: 12/05/2021 | Ministry of Finance
|GPFG annual geometric average return. Measured in currency basket. Per cent||2020||Last 3 years||Last 5 years||Last 10 years||Last 20 years|
|Excess return (percentage points)1||0.27||0.04||0.19||0.16||0.20|
|Excess return (percentage points)||0.40||-0.04||0.15||0.18||0.31|
|Excess return (percentage points)||0.69||0.29||0.29||0.10||0.18|
|Unlisted real estate|
|Net real return||10.16||6.16||7.02||6.25||4.13|
1 Includes real estate from 2017. Prior to 2017 excess return was calculated based on equity and fixed income portfolio returns.
2 Since 2017 the equity portfolio includes listed real estate investments.
3 The first real estate investment was made in the first quarter of 2011. Return reported in the column "Last 10 years" is the annualised return since 1 April 2011.
4 In the period 2014-2016 the real estate portfolio included listed real estate investments.
Sources: Norges Bank and Ministry of Finance