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The Fund's Market value


We work to safeguard and build
financial wealth for future generations

A film about the fund

The Norwegian people own the fund

Our mission is to safeguard and build financial wealth for the future generations of Norway. See our film about the fund's history, objective and management.

Global investments

36% Europe

41% North America

20% Asia and Oceania

3% Rest of the world

About the investments

Investment areas

Equities, Fixed Income and real estate

The fund is invested globally in international equities, fixed income and real estate. The goal is to have well diversified investments that distribute risk and generate the highest possible return within the mandate from the Ministry of Finance. 

More on the investment strategy


See all 

We invest in around 9,000 companies and have investments in more than 70 countries. The fund's annual holdings are available from 1998 to the end of 2017.

Responsible investment

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:

More on responsible investment

The fund's returns


Annual return

The fund generated an annual return of 6.0 percent from the establishment of Norges Bank Investment Management in 1998 to the end of the third quarter of 2018, measured in the fund's currency basket. After management costs and inflation, the return was 4.0 percent.


Latest report

3Q 2018




The Government Pension Fund Global returned 2.1 percent, or 174 billion kroner, in the third quarter of 2018.

3Q 2018 report

Report archive


Exciting career opportunities

As manager of the Government Pension Fund Global, we can offer exciting careers with a high level of responsibility and independence. We operate in a competitive, dynamic and fast-paced multinational environment.

Career pages