Annual report 2014
The Government Pension Fund Global returned 7.6 percent, or 544 billion kroner, in 2014.
The results in Brief
The Government Pension Fund Global returned 7.6 percent, or 544 billion kroner.
Equity investments returned 7.9 percent, while fixed-income investments returned 6.9 percent. Investments in real estate returned 10.4 percent.
The return on equity and fixed-income investments was 0.8 percentage point lower than the return on the benchmark indices the fund is measured against.
The fund’s asset allocation at the end of the year was 61.3 percent equities, 36.5 percent fixed income and 2.2 percent real estate.
The fund’s market value was 6,431 billion kroner at the end of 2014, up from 5,038 billion kroner a year earlier.