The Government Pension Fund Global, also called the National Oil Fund, returned 7.6 percent, or 544 billion kroner, in 2014. “2014 was a good year for the Fund, with positive results for all its asset classes,” says the Fund's CEO, Yngve Slyngstad.
Equity investments returned 26.3 percent, while fixed-income investments returned 0.1 percent. Investments in real estate returned 11.8 percent.
The return on equity and fixed-income investments was 1.0 percentage po int higher than the return on the benchmark indices the fund is measured against.
The fund’s asset allocation at the end of the year was 61.7 percent equities, 37.3 percent fixed income and 1.0 percent real estate.
The fund’s market value was 5,038 billion kroner at the end of 2013, up from 3,816 billion kroner a year earlier.
The Fund is one of the largest of its kind in the World.