Excess return not due to coincidence

Folketrygdfondet has beaten the market by 1 percentage point annually since 2007. "Our report on risk-adjusted return shows that this is not due to coincidence," says financial analyst Joakim Kvamvold.
Joakim Kvamvold

The Government Pension Fund Norway (SPN), which Folketrygdfondet manages, has a long time horizon – in fact much longer than for most other funds and capital owners. Since 2007, when the current SPN mandate was established, Folketrygdfondet’s management of the fund has yielded an excess return of 1 percentage point annually. This has generated an additional NOK 43 billion for the public good. 

In the report ‘Risk-adjusted return 2022’, we show different numbers relating to our return, adjusted for risk and costs.

"The conclusion is that Folketrygdfondet’s active management of SPN results in a better return-risk ratio than the benchmark index, and that the excess return is not merely due to coincidence," says Joakim Kvamvold.