Stronger equity performance
The Government Pension Fund Global returned 3.3 percent, or 192 billion kroner, in the second quarter of 2014. Equity investments returned 4.0 percent, and fixed-income investments 2.0 percent. Investments in real estate returned 3.0 percent.
The fund generated an annual return of 5.7 percent from the establishment of Norges Bank Investment Management in 1998 to the end of 2013. After management costs and inflation, the return was 3.6 percent. The return in dollars was 6.7 percent.