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3Q 2009 Quarterly report

The return on the Government Pension Fund – Global was 13.5 percent (NOK 325 billion) in the third quarter. The record-high quarterly return can be attributed to a sharp rise in international equity markets and a normalisation of fixed income markets.

The results in brief

  • The return on the Government Pension Fund – Global was 13.5 percent in the third quarter, the best quarterly result ever.
  • The third-quarter return exceeded the return on the benchmark portfolio by 1.5 percentage points.
  • The return amounted to NOK 325 billion in the third quarter and NOK 529 billion in the first nine months of the year.
  • The value of the fund increased to NOK 2 549 billion.
  • Uncertainty in financial markets decreased further and equity markets climbed sharply.

Webcast from the press conference