2012

Benchmark indices are widely used in international investment management and serve a variety of purposes. As it may be useful to operate with benchmarks at multiple levels in the management of the Government Pension Fund Global, NBIM has developed an operational benchmark portfolio.

The fund made its first investments in real estate in 2011, taking it into an unlisted asset class quite unlike bonds and listed equities. Real estate investments have different requirements when it comes to the execution of investment decisions, the management framework, oversight and control.