Folketrygdfondet tjente 14,1 milliarder i tredje kvartal

Statens pensjonsfond Norge, managed by Folketrygdfondet, reported a profit of 14.1 billion kroner in the third quarter, reflecting a 3.2% return, according to a press release. The fund's capital stood at 451.7 billion kroner by the end of the quarter. Oslo Børs continues its strong international performance in the third quarter, and is among the strongest markets globally.

After a challenging start to the year, the active management of SPN has turned the fund back to profit, says Kjetil Houg, the managing director of Folketrygdfondet. Oslo Børs has been buoyed by strong growth in oil and gas prices this year, along with a major surge in shipping. High earnings in particular shipping, energy, and industry sectors have helped lift the stock portfolio, and we are delivering solid performance in our active management, says Houg.

The fund reported a return of 0.27 percentage points higher than the index it compares against. The stock portfolio contributed positively, while mutual funds underperformed. In the quarter, the stock portfolio accounted for 7% of the assets, while the bond portfolio was down by 2.2%. The Folketrygdfondet primarily invests in Oslo Børs, with positions also in the Danish, Swedish, and Finnish stock markets.

The fund also engages in investments from Tromsø, where a start capital of 15 billion kroner has been invested. The Tromsø fund had a return of 4.6% in the third quarter, amounting to 700 million kroner. By the end of the quarter, the fund's capital stood at 15.4 billion kroner.