foreign exchange reserves
Size and return
Investment portfolio. Key figures to 31 March 2010. Annualised data
| |
Past year |
Past 3 years |
Past 5 years |
Past 10 years |
Since 01.01.98 |
| Portfolio return (per cent) |
30.92 |
1.82 |
4.43 |
496 |
4.92 |
| Benchmark return (per cent) |
23.77 |
2.04 |
4.50 |
4.87 |
4.83 |
| Excess return (percentage points) |
7.14 |
-0.23 |
-0.07 |
0.10 |
0.09 |
| Standard deviatio (per cent)1) |
7.02 |
9.90 |
7.89 |
5.89 |
5.45 |
| Tracking error (percentage points) |
1.23 |
1.86 |
1.44 |
1.02 |
0.93 |
| Information ratio 2) |
5.79 |
-0.12 |
-0.05 |
0.09 |
0.09 |
| Gross annual return (per cent) |
30.92 |
1.82 |
4.43 |
4.96 |
4.92 |
| Annual price inflation (per cent) |
1.82 |
1.94 |
2.08 |
1.98 |
1.85 |
| Annual management costs (per cent) |
0.07 |
0.08 |
0.07 |
0.07 |
0.07 |
| Annual net real return (per cent) |
28.50 |
-0.20 |
2.24 |
2.86 |
2.95 |
1) The standard deviation is a measure of variations in the return/excess return during a period. Each monthly return/excess return
is compared with the mean for the period. The higher the standard deviation, the greater the variations relative to the mean and
the higher the risk.
2) The information ratio (IR) is a measure of risk-adjusted return. It is calculated as the ratio of excess return to the actual relative
market risk (as measured by tracking error) to which the portfolio has been exposed. The IR indicates how much excess return
has been achieved per unit of risk.
Investment portfolio. Key figures to 31 March 2010. Quarterly data
| |
Q1
2010 |
Q4
2009 |
Q3 2009 |
Q2 2009 |
Q1 2009 |
| Market value (billions of NOK) |
|
|
|
|
|
| Fixed income portfolio |
135.4 |
102.6 |
103.0 |
106.3 |
100.8 |
| Equity portfolio |
87.2 |
82.9 |
80.0 |
71.4 |
60.0 |
| Overall portfolio |
222.6 |
185.4 |
183.0 |
177.7 |
160.8 |
| Inflows of new capital |
31.0 |
0.0 |
0.0 |
0.0 |
0.0 |
| Return |
6.7 |
4.9 |
21.3 |
178.6 |
-4.2 |
| Change due to movements in krone |
-0.5 |
-2.5 |
-16.0 |
-0.7 |
-13.9 |
| Return in international currency (percent) |
|
|
|
|
|
| Equity portfolio |
5.06 |
4.39 |
17.59 |
18.64 |
-9.37 |
| Fixed income portfolio |
2.50 |
1.03 |
7.63 |
5.63 |
-0.74 |
| Overall portfolio |
3.66 |
2.51 |
11.51 |
10.48 |
-4.14 |
| Benchmark portfolio |
3.16 |
1.86 |
9.28 |
7.79 |
-3.77 |
| Excess return |
0.50 |
0.65 |
2.23 |
2.69 |
-0.37 |
| Return in NOK (percent) |
|
|
|
|
|
| Equity portfolio |
4.71 |
3.17 |
8.63 |
18.66 |
-15.02 |
| Fixed income portfolio |
2.17 |
-0.14 |
-0.81 |
5.64 |
-6.92 |
| Overall portfolio |
3.32 |
1.32 |
3.02 |
10.49 |
-1012 |
| Benchmark portfolio |
2.82 |
0.67 |
0.96 |
7.80 |
-9.76 |
