2021: A record year

The Government Pension Fund Norway, which is managed by Folketrygdfondet, achieved a profit of NOK 41 billion in 2021 – a new record. The return on capital 14.0 per cent. The fund capital totalled NOK 333 billion at the end of the year.

Oslo, 17 February 2022

The Government Pension Fund Norway (GPFN) achieved a return of 14.0% in 2021 – 1.0 percentage points better than the market return.

“We are pleased to have achieved a record result in a very busy year. Our performance is the product of a strong stock market and effective management,” says Folketrygdfondet CEO Kjetil Houg.

The return on the equities portfolio totalled 24.9%, 1.3 percentage points higher than the equities benchmark index. The return on the fixed-income portfolio was -1.4%, 0.6 percentage points higher than the fixed-income benchmark index.

“Both the equities and the fixed-income portfolio beat the market. We held few of the shares which suffered the strongest falls in 2021,” says Kjetil Houg.

Since 2007, Folketrygdfondet’s active ownership has generated an excess return of NOK 43 billion for Norway.