In 2005, the return on the Government Pension Fund - Global was 11.1 per cent measured in international currency and 14.3 per cent measured in NOK.
In 2005, the return on the Government Pension Fund - Global was 11.1 per cent measured in international currency. The return on the equity portfolio was 22.5 per cent and the return on the fixed income portfolio was 3.8 per cent. Measured in NOK, the return on the Fund in 2005 was 14.3 per cent. The difference between the return measured in international currency and the return measured in NOK is due to movements in the krone exchange rate, which have no effect on the long-term international purchasing power of the Fund.