Returns
Content on this page
Our management mandate is long-term and should be evaluated over time. Therefore, when we report, we also provide returns for the last five and ten years. In addition, we publish historical figures from 2007 back to 1998.
At the end of 2024, the assets under management in the Government Pension Fund Norway amounted to NOK 381 billion. Since 2007, active management has provided an excess return of 100 basis points per year. This corresponds to approximately NOK 60 billion and over 15 percent of the fund's value.
Government Pension Fund Norway
Return
2024: +7,65 percent
Last 5 years: +7,30 percent (yearly)
Last 10 years: +7,53 percent (yearly)
Portfolio result
2024: NOK +27 billion
Last 5 years: NOK +112 billion (total)
Last 10 years: NOK +195 billion (total)
Relative return
2024: +115 basis points
Last 5 years: +103 basis points (yearly)
Last 10 years: +85 basis points (yearly)
Government Pension Fund Norway
Returns in percent
GIPS reports
Folketrygdfondet has been reporting in accordance with the GIPS standard since 2007. This is a global standard established to enable the comparison of investment results from different asset managers.
Risk-adjusted returns
Folketrygdfondet has been publishing a report on risk-adjusted returns over time since 2015. With this report, we aim to provide a broad basis for understanding and evaluating the results of the management of the Government Pension Fund Norway.
Monthly historical return figures.
To contribute to transparency, we also publish historical return figures for the Government Pension Fund Norway in monthly time series.