Annual report 2021
Well-equipped for the future
The fund celebrated its 25th anniversary in 2021, and the period must be seen as an enormous financial success. Only a quarter of a century from the first inflow of just under 2 billion kroner in 1996, the fund ended the year with a value of 12 339 549 465 702 kroner. The fund returned 14.5 percent or 1,580 billion kroner in 2021, and this in another year hit by the pandemic and volatile markets.
Key figures 2021
Chair of the Executive Board Øystein Olsen introduced the press conference, while CEO Nicolai Tangen and Deputy CEO Trond Grande presented the fund’s key figures for 2021. Some of our experts provided a deeper insight into their areas and sectors.
Return in 2021
14.5 percent
1,580 billion kroner
20.8% return on equity
The equity investments returned 20.8 percent.
-1.9% return on fixed income
The fixed-income investments returned -1.9 percent.
13.6% return on real estate
The unlisted real estate investments returned 13.6 percent.
4.2% return on infrastructure
The unlisted renewable energy infrastructure investments returned 4.2 percent.
Market value
12,340 billion kroner
8,878 billion kroner
The equity investments had a market value of 8,878 billion kroner. This was to 72.0 percent of the fund's total value.
3,135 billion kroner
The fixed-income investments had a market value of 3,135 billion kroner. This was to 25.4 percent of the fund's total value.
312 billion kroner
The unlisted real estate investments had a market value of 312 billion kroner. This was to 2.5 percent of the fund's total value.
14 billion kroner
The unlisted renewable energy infrastructure investments had a market value of 14 billion kroner. This was to 0.1 percent of the fund's total value.