Annual report 2018

The results in brief

The Government Pension Fund Global returned -6.1 percent, or -485 billion kroner, in 2018.

The fund’s equity investments returned -9.5 percent, while investments in unlisted real estate returned 7.5 percent. The fixed-income investments returned 0.6 percent.

The fund’s market value was 8,256 billion kroner at the end of 2018, down from 8,488 billion kroner a year earlier.

Equity investments had a market value of 5,477 billion kroner, while the unlisted real estate investments had a market value of 246 billion kroner. The market value of fixed-income investments was 2,533 billion kroner.

The fund’s asset allocation was 66.3 percent equities, 3.0 percent real estate and 30.7 percent fixed income.

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