The Government Pension Fund Global returned 5.0 percent, or 228 billion kroner, in the third quarter of 2013.
Equity investments returned 7.6 percent and fixed-income investments 0.3 percent. Investments in real estate returned 4.1 percent.
“Stock market returns in the third quarter were driven mainly by continued economic recovery in developed markets,” says Yngve Slyngstad. “The negative trend in emerging markets continued into the quarter, but higher economic activity in China led a rebound towards the end of the period. Fixed-income investments continue to perform relatively poorly.”