"..Viewed over the full 27 year period, the track record is robust.

The Fund has had negative active returns in only

seven years, which means that roughly three out of four years have been positive.."

#NBIM #SWF @NorgesBank #mustread @karl_borch

https://www.regjeringen.no/contentassets/ad211985eab54f9e9f3c418c98643afd/evaluation_report_gpfg_2025.pdf