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Investments

Norges Bank Investment Management aims to make the most of the fund's two distinguishing characteristics, its long-term approach and its considerable size, to generate strong returns and safeguard wealth for future generations.

Holdings

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investments

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.

investment strategy

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 30 September 2017, the fund's asset allocation was 65.9 percent equities, 31.6 percent fixed income and 2.5 percent unlisted real estate.


Investment strategy
Asset allocation as at 30 June 2017

largest equity investments


APPLE 

.US

 

 

 

NESTLÉ 

.CH

 

 

ROYAL DUTCH 

SHELL

 

.UK

 

 

 



ALPHABET

.US

 

 

 

 

 

 

 

 

 

MICROSOFT CORP

.US

 

 

 

 



NOVARTIS 

.CH

 

 

 

 

 

 

 

ROCHE HOLDING

 

.CH

 

 


Equity management

A film presenting

The fund's
real estate
investments

Our goal is to build a global, but concentrated, real estate portfolio. The strategy is to invest in a limited number of major cities in key markets.

Real Estate investments

The Fund's first

ASIAN

property

investments

were made in 2017

Investments in unlisted real estate accounted for 2.5 percent of the fund at the end of the third quarter of 2017. Unlisted real estate may constitute up to 7 percent of the investment portfolio. New investments will generally be in well-developed markets and in office and retail properties.


Real estate management