The Norwegian people own the fund
See our film about the history, objective and management.
Our focus areas
We work on selected issues that are relevant across multiple sectors, and have formulated expectations for how companies should manage risk and report on their activities. We have three focus areas dealing directly with environmental and social issues:
Annual return 1998-2015
The fund generated an annual return of 5.6 percent from the establishment of Norges Bank Investment Management in 1998 to the end of 2015, measured in the fund's currency basket. After management costs and inflation, the return was 3.7 percent. The return in dollars was 5.8 percent.
Our work on responsible investment is an integrated part of the investment process. The aim of this report is to provide an overview of the many areas we are working on.
Performance and risk
We manage the fund on behalf of the Ministry of Finance, within a defined mandate. The mandate represents the owner's investment strategy and risk preferences. This report provides insight into the fund's return and risk characteristics.