Oslo, 27 August 2019
“Folketrygdfondet has delivered strong results in a somewhat hesitant market,” says Folketrygdfondet CEO Kjetil Houg.
In the second quarter of the year, the return on the Government Pension Fund Norway was 1.0%, 0.1 percentage points better than the market return.
Over the past five years, Folketrygdfondet has outperformed the market by 1.0% annually. Over the past 10 years, the excess return averages 0.7 percentage points per year.
“The combination of low interest rates and strong economic growth had a positive effect on returns, although the Norwegian market was also negatively impacted by falling oil prices,” says Kjetil Houg.