Norway's $1 trillion government pension fund returned 13.7 percent in 2017, according to Norges Bank (NBIM), the Norwegian central bank that manages the government's wealth fund, on Tuesday.
NBIM said that on Sept.19, 2017 that the fund鈥檚 market value passed the historic milestone of $1 trillion.
"The Executive Board is satisfied that the return both in 2017 and over a longer period has been good and higher than the return on the benchmark index鈥�, Oystein Olsen, board chairman of Norges Bank said.
The fund's equity investments returned 19.4 percent. Unlisted real estate investments returned 7.5 percent, and fixed-income investments 3.3 percent.
The overall return on the fund was a 0.7 percentage point higher than the return on the benchmark index.
According to the bank, the Norwegian krone weakened against several main currencies during the year, which increased the fund's value by 15 billion kroner.
Net withdrawal from the fund was 61 billion kroner.
The fund had a market value of 8,488 billion kroner on Dec. 31, 2017, of which 66.6 percent was invested in equities, 2.6 percent in unlisted real estate and 30.8 percent in fixed income.
(1 Norwegian krone =0.12791 U.S. dollars)
By Murat Temizer
Anadolu Agency
energy@aa.com.tr