“Stock markets recovered from a drop in the early part of the quarter. Combined with further increases in bond prices, this allowed us to achieve a satisfactory third-quarter result,” says Folketrygdfondet CEO Kjetil Houg.
Folketrygdfondet outperformed the market by 0.2 percentage points in Q3, with both the equity portfolio and the fixed-income portfolio beating their benchmarks. As at 30 September 2019, the annual return was 0.5 percentage points above the market return.
Over the past 10 years, the Government Pension Fund Norway has achieved an average annual return of 9.3%, 0.7 percentage points better than the market return.