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The Fund's Market value

nok

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's investments

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the holdings

We invest in 9,000 companies and have investments in 78 countries. The fund's annual holdings are available from 1998 to end of 2015.

Global investments

38%

Europe

 

40%

North America

18%

Asia and Oceania

4%

rest of the world

Investments

Investment strategy

60%Equities

35%

Fixed income

5%

Real estate

Investment strategy

Responisible 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

5.6%


Annual return 1998-2015

The fund generated an annual return of 5.6 percent from the establishment of Norges Bank Investment Management in 1998 to the end of 2015, measured in the fund's currency basket. After management costs and inflation, the return was 3.7 percent. The return in dollars was 5.8 percent.

Returns

Quarterly report

3Q

 

Results

 

The Government Pension Fund Global returned 4.0 percent, or 240 billion kroner, in the third quarter of 2016.

 

3Q 2016 report