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2019: Best performance in Folketrygdfondet’s history

Folketrygdfondet achieved a return of 12.4%, or NOK 29.5 billion, on the Government Pension Fund Norway in 2019, outperforming the market by 0.4 percentage points – the best performance in Folketrygdfondet’s history. Total assets under management amounted to NOK 269 billion at year-end.

Oslo, 25 February 2020

Folketrygdfondet’sctive management continues to create value. Both the equities portfolio and the fixed-income portfolio contributed positively,” says Folketrygdfondet CEO Kjetil Houg.

Overall, Folketrygdfondet outperformed the market by 0.4 percentage points in 2019. The fund’s active management strategy has generated more than NOK 30 billion since 2007.

Folketrygdfondet is a major shareholder in companies on the Oslo Stock Exchange, with a mandate to deliver the highest possible return over time.

“Responsible, sustainable investment plays a central role in our investment follow-up. We monitor our portfolio companies closely and actively support value creation,” says Kjetil Houg.

The equities portfolio achieved a return of 18% in 2019, beating the market by 0.4 percentage points. The return on the fixed-income portfolio was 4%, also 0.4 percentage points above the market return.