A film about the fund
The Norwegian people own the fund
See our film about the history, objective and management.
holdings
We invest in almost 9,000 companies and have investments in 77 countries. The fund's annual holdings are available from 1998 to the end of 2016.
strategy
The fund's
investment s
TRATEGy
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.
Investment strategy
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
5.8%
Annual return
The fund generated an annual return of 5.8 percent from the establishment of Norges Bank Investment Management in 1998 to the end of the first quarter of 2017, measured in the fund's currency basket. After management costs and inflation, the return was 3.9 percent.
Returns
Latest report
1Q
Results
The Government Pension Fund Global returned 3.8 percent, or 297 billion kroner, in the first quarter of 2017.
1Q 2017 report
