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The Norwegian State Pension Fund, managed by Folketrygdfondet, achieved a return of 2,84 percent in the third quarter of 2023. At the end of this quarter, the capital amounted to 340 billion crowns. At that time, the total return on investment for the year was 7,02 percent. Which means, that the rate of return was 0,89 percentage points better than the market result.
– We have positive development in our share portfolio, among others thanks to the growth of the energy sector. We had a slight decline for the bond portfolio. We are pleased with the results, which are better than the market in both of these portfolios, said Kjetil Houg, managing director at Folketrygdfondet.
The return for the Norwegian State Pension Fund in the third quarter was 2,84 percent, which is 0,36 percentage points higher than the benchmark in the same period.
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The equity portfolio returned 4,70 percent in the third quarter, which is 0,21 percentage points higher than the equity benchmark.
The bond portfolio yield was -0,07 percent, which is 0,57 percentage points higher than the bond benchmark.
– We see that our strategies work well, even in a market with higher rates percentage points and moderate growth prospects – said Kjetil Houg.
Over the last ten years, the rate of return for the Norwegian State Pension Fund has been 7,99 percent annually.
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Source: Folketrygdfondet
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