The fund's market value nok
We work to safeguard and build
financial wealth for future generations
The fund has a small stake in more than 9,000 companies worldwide, including the likes of Apple, Nestlé, Microsoft and Samsung. On average, the fund holds 1.4 percent of all of the world’s listed companies.
The Norwegian oil fund is one of the world's largest funds. Investments are spread across most markets, countries and currencies to achieve broad exposure to global growth and value creation, and ensure good risk diversification.
Most of the fund is invested in equities, which are ownership interests in companies. Another part is invested in bonds, which are a type of loan to governments and companies, and a final slice is invested in real estate and infrastructure for renewable energy.
Search in all of the fund’s investments by country, asset class and sector. This information is updated annually and is available for every year since our first investment in 1998.
The fund exists to help finance the Norwegian welfare state for future generations. The future value of the fund depends on sustainable growth, well-functioning markets and value creation at the companies we invest in.
Returns on the fund’s investments account for the biggest part of the fund's market value. Inflows from the government make up 3,092 billion kroner of the value. Fluctuations in the krone lie behind the remainder.
The fund’s investment decisions are based on research and analysis of the developments in financial markets and the global economy. We share internal research and analysis as well as content from conferences or seminars. We invite to dialogue and have a strong collaboration with academics, peers and practitioners with an aim to improving the investment strategy and our results.
On Monday, 31 May, Norges Bank and the Ministry of Finance will be hosting a webinar to mark the 25th anniversary of the first transfer to the Government Pension Fund Global. The webinar will be livestreamed and is open to the general public.
Norges Bank has decided to exclude three companies from the Government Pension Fund Global.
Internal active equity management has enabled the fund to develop investment strategies tailored to its characteristics. Today, we publish an historic review of the fund’s more than 20 years’ experience in this area.