Fund Performance
Government Pension Fund Norway (GPFN)
Article | Last updated: 06/10/2023 | Ministry of Finance
|
GPFN annual geometric average return. Measured in Norwegian kroner. Per cent |
2023 |
Last |
Last 10 years |
Since 2007 |
||||
|
SPN |
|
|
|
|
||||
|
Portfolio |
11,40 |
8,24 |
7,82 |
7,37 |
||||
|
Benchmark index |
9,94 |
7,35 |
6,88 |
6,38 |
||||
|
Excess return (percentage points) |
1,47 |
0,89 |
0,94 |
0,99 |
||||
|
|
|
|
|
|
||||
|
Equities1 |
|
|
|
|
||||
|
Portfolio |
13,56 |
12,23 |
10,85 |
8,38 |
||||
|
Benchmark index |
12,45 |
11,47 |
9,78 |
7,14 |
||||
|
Excess return (percentage points) |
1,12 |
0,76 |
1,07 |
1,24 |
||||
|
|
|
|
|
|
||||
|
Fixed income2 |
|
|
|
|
||||
|
Portfolio |
8,15 |
1,68 |
2,83 |
4,41 |
||||
|
Benchmark |
6,14 |
0,61 |
2,03 |
3,57 |
||||
|
Excess return (percentage points) |
2,00 |
1,07 |
0,80 |
0,85 |
||||
|
|
|
|
|
|
||||
|
Real return |
|
|
|
|||||
|
Inflation |
4,77 |
3,74 |
3,16 |
2,64 |
||||
|
Management cost |
0,06 |
0,06 |
0,07 |
0,07 |
||||
|
Net real return |
6,28 |
4,28 |
4,45 |
4,54 |
||||
1 Nordic equity investments commenced in May 2001.
2 Nordic fixed income investments commenced in February 2007.
Sources: Folketrygdfondet and Ministry of Finance.