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
Holdings
We invest in around 9,000 companies and have investments in 77 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
6.1%
Annual return
The fund generated an annual return of 6.1 percent from the establishment of Norges Bank Investment Management in 1998 to the end of 2017, measured in the fund's currency basket. After management costs and inflation, the return was 4.2 percent.
Returns
Annual report
2017
Results
The Government Pension Fund Global returned 13.7 percent, or 1,028 billion kroner, in 2017.
Equity investments returned 19.4 percent, while investments in unlisted real estate returned 7.5 percent. Fixed-income investments returned 3.3 percent.
Annual report 2017
Publication
Responsible investment
2017
Our mission is to safeguard and build financial wealth for future generations. We manage the fund responsibly in order to support the investment objective of the highest possible return with a moderate level of risk. Read about our responsible investment in 2017.
Go to the report
Publication
Return and risk 2017
This publication gives an overview of the fund’s return and risk with a focus on equities and fixed income.
Go to the publication
Publication
Real estate investments 2017
The fund’s investments in unlisted real estate returned 7.5 percent in 2017.
Go to the publication
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Careers
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.
