The results in brief
- Gains in international equity and fixed-income markets boosted the Government Pension Fund Global in 2009. The fund had a record return of 25.6 percent, equivalent to 613 billion kroner. That compares with -23.3 percent in 2008 when global securities markets tumbled.
- The fund’s return was 4.1 percentage points higher than the return on the benchmark portfolio in 2009. The fixed-income portfolio had an excess return of 7.4 percentage points, while the equity portfolio’s excess return was 1.8 percentage points.
- The fund’s market value rose by 365 billion kroner to 2 640 billion kroner in 2009.
- Capital transfers to the fund amounted to 169 billion kroner in 2009. That is the lowest level since 2004 and less than half of the amount in 2008.
- Equities made up 62.4 percent of the fund’s total investments at the end of 2009, while fixed-income securities constituted 37.6 percent of the investments.
Webcast from the press conference
Additional information
GIPS Report.pdf
GIPS Compliance Manual.pdf
GIPS method.pdf
Referenceportfolio_09.pdf