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
See our film about the history, objective and management.
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.
As at 31 March 2017, the fund's asset allocation was 64.6 percent equities, 32.9 percent fixed income and 2.5 percent unlisted real estate.
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
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.
The Government Pension Fund Global returned 3.8 percent, or 297 billion kroner, in the first quarter of 2017.
1Q 2017 report