Government Pension Fund Global
Returns
The fund seeks to achieve the highest possible long-term return with moderate risk.
It generated an annual return of 5 percent between 1 January 1998 and 31 March 2013. After management costs and inflation, the annual return was 3 percent.
Fund's annual return
| |
Fund's return
Percent
|
Relative return*
Percentage points
|
| 1999 |
12.44 |
1.23 |
| 2000 |
2.49 |
0.27 |
| 2001 |
-2.47 |
0.15 |
| 2002 |
-4.74 |
0.30 |
| 2003 |
12.59 |
0.55 |
| 2004 |
8.94 |
0.54 |
| 2005 |
11.09 |
1.06 |
| 2006 |
7.92 |
0.14 |
| 2007 |
4.26 |
-0.24 |
| 2008 |
-23.30 |
-3.37 |
| 2009 |
25.62 |
4.13 |
| 2010 |
9.62 |
1.06 |
| 2011 |
-2.54 |
-0,13 |
| 2012 |
13.42 |
0.21 |
| As of 31 March 2013 |
5.45 |
0.32 |
| *Excluding real estate. |
|
Return on fund's equity investments
| |
Fund's return
Percent
|
Relative return
Percentage points
|
| 1999 |
34.81 |
3.49 |
| 2000 |
-5.82 |
0.49 |
| 2001 |
-14.60 |
0.06 |
| 2002 |
-24.39 |
0.07 |
| 2003 |
22.84 |
0.51 |
| 2004 |
13.00 |
0.79 |
| 2005 |
22.49 |
2.16 |
| 2006 |
17.04 |
-0.09 |
| 2007 |
6.82 |
1.15 |
| 2008 |
-40.71 |
-1.15 |
| 2009 |
34.27 |
1.86 |
| 2010 |
13.34 |
0.73 |
| 2011 |
-8.84 |
-0.48 |
| 2012 |
18.06 |
0.52 |
| As of 31 March 2013 |
8.25 |
0.32 |
Return on fund's fixed-income investments
| |
Fund's return
Percent
|
Relative return
Percentage points
|
| 1999 |
-0.99
|
0.01 |
| 2000 |
8.41 |
0.07 |
| 2001 |
5.04 |
0.08 |
| 2002 |
9.90 |
0.49 |
| 2003 |
5.26 |
0.48 |
| 2004 |
6.10 |
0.37 |
| 2005 |
3.82 |
0.36 |
| 2006 |
1.93 |
0.25 |
| 2007 |
2.96 |
-1.29 |
| 2008 |
-0.53 |
-6.60 |
| 2009 |
12.49 |
7.36 |
| 2010 |
4.11 |
1.53 |
| 2011 |
7.03 |
0.52 |
| 2012 |
6.68 |
-0.29 |
| As of 31 March 2013 |
1.06 |
0.22 |
Quarterly return and accumulated annualised return. Percent
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Quarterly relative return and accumulated annualised relative return of the fund, excluding estate investments. Percentage points
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