Annual report 2019
2019 was a great year in the fund’s history, driven by positive equity returns in all of the fund’s principal markets and in all equity sectors. The fund had it's highest return measured in kroner in a single year in the fund’s history. It is also the second best return measured as a percentage. This also gave the greatest increase in value in a single year in the fund’s history.
Web cast from the press conference
Chairman of the Executive Board Øystein Olsen and the fund's CEO Yngve Slyngstad presented the 2019 results for the Government Pension Fund Global at a press conference at Norges Bank. The press conference was in Norwegian.
The fund's return in 2019
1,692 billion kroner
26.0% return on equity
The equity investments returned 26.0 percent.
6.8% return on unlisted real estate
The unlisted real estate investments returned 6.8 percent.
7.6% return on fixed income
The fixed-income investments returned 7.6 percent.
The market value at end of 2019
7,145 billion kroner
The equity investments had a market value of 7,145 billion kroner. This was to 70.8 percent of the fund's total value.
273 billion kroner
The unlisted real estate investments had a market value of 273 billion kroner. This was to 2.7 percent of the fund's total value.
2,670 billion kroner
The fixed-income investments had a market value of 2,670 billion kroner. This was to 26.5 percent of the fund's total value.