At the end of the first quarter of 2023, the fund's market value was 14,294 billion kroner
The fund’s equity investments had a market value of 10,023 billion kroner, while the market value of the fixed-income investments was 3,909 billion kroner. The unlisted real estate investments had a market value of 348 billion kroner and renewable energy infrastructure 14 billion kroner. 70.1 percent of the fund was invested in equities, 27.3 percent in fixed income, 2.4 percent in unlisted real estate, and 0.1 percent in unlisted renewable energy infrastructure. The values in the chart below are in billions of kroner and shows the last five quarters.
The fund's market value increased by 1,865 billion kroner through the first quarter. 893 billion kroner was return on the investments, 217 billion kroner was net inflows from the government and 755 billion kroner came from currency movements. The values in the chart below are in billions of kroner.
5,9 percent return in the first quarter
The values in the chart below are in percent.
The return on the fund’s equity investments was 7.4 percent, the return on the fixed-income investments was 2.7 percent, whereas investments in unlisted real estate returned -1.0 percent. The return on unlisted renewable energy infrastructure was -3.8 percent. The values in the chart below are in percent.
Historical key figures
Values in billions of kroner.
|1 Total withdrawal of capital shown in this table is adjusted for accrued, not paid, management fees.|
|Total inflow of capital||4,961||4,744|
|Total withdrawal of capital1||-687||-687|
|Accrued, not paid, management fees||2||0|
|Changes due to fluctuations in krone||2,820||2,065|
|Market value of fund||14,294||12,429|
Annualised return in percent
As at 31 March 2023. Measured in the fund's currency basket.
|Since 01.01.1998||Last 10 years|
|Return on fund||5.89||6.74|
|Annual management costs||0.08||0.05|
|Net real return on fund||3.65||4.27|