Key figures 1Q 2024
18 April 2024
At the end of the first quarter of 2024, the fund's market value was 17,719 billion kroner
The fund’s equity investments had a market value of 12,779 billion kroner, fixed-income investments 4,608 billion kroner, unlisted real estate investments 315 billion kroner and renewable energy infrastructure 16 billion kroner. Equities made up 72.1 percent of the fund, fixed income 26.0 percent, unlisted real estate 1.8 percent and renewable energy infrastructure 0.1 percent.
The fund's market value increased by 1,954 billion kroner through the first quarter. 1,210 billion kroner was return on the investments, 96 billion kroner was net inflows from the government and 647 billion kroner came from currency movements. The values in the chart below are in billions of kroner.
6.3 percent return in the first quarter
The values in the chart below are in percent.
The return on the fund’s equity investments was 9.1 percent, the return on the fixed-income investments was -0.4 percent, whereas investments in unlisted real estate returned -0.5 percent. The return on unlisted renewable energy infrastructure was -11.4 percent. The values in the chart below are in percent.
Historical key figures
Values in billions of kroner since inception.
| 31.03.2024 | 31.12.2023 | |
|---|---|---|
| 1 Total withdrawal of capital shown in this table is adjusted for accrued, not paid, management fees. | ||
| Total inflow of capital | 5,551 | 5,455 |
| Total withdrawal of capital1 | -687 | -687 |
| Total return | 9,803 | 8,592 |
| Management fees | -72 | -70 |
| Accrued, not paid, management fees | 2 | 0 |
| Changes due to fluctuations in krone | 3,122 | 2,474 |
| Market value of fund | 17,719 | 15,765 |
Annualised return in percent
As at 31 March 2024. Measured in the fund's currency basket.
| Since 01.01.1998 | Last 10 years | |
|---|---|---|
| Return on fund | 6.28 | 7.19 |
| Annual inflation | 2.13 | 2.49 |
| Annual management costs | 0.08 | 0.05 |
| Net real return on fund | 3.99 | 4.54 |