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.
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.
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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
were made in 2013
Investments in unlisted real estate accounted for 2.5 percent of the fund at the end of the first 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