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Market value

Investment returns, capital inflows and exchange rates affect the fund's market value.

billion nok

The fund's market value

Billions of kroner. Click on the legends to select asset classes

Changes in the fund’s market value

Billions of kroner. Click on the legends to see a smaller selection

Latest developments

The fund’s market value increased by 35 billion kroner to 7,510 billion kroner in 2016. Equity investments had a market value of 4,692 billion kroner, while the value of fixed-income investments was 2,577 billion kroner. Investments in real estate had a market value of 242 billion kroner.

In 2016, the fund returned 447 billion kroner. There was a withdrawal of 105 billion kroner by the government. Fluctuations in the krone led to a decrease in the fund's value of 306 billion kroner. More on the fund's return

At the end of 2016, the fund was invested with 62.5 percent in equities, 34.3 percent in fixed income and 3.2 percent in real estate.

 

Asset allocation as at 31 December 2016

    

THE FUND'S HOLDINGS IN EQUITY MARKETS

Percent of FTSE Global All Cap Index's market value

Source: FTSE, Norges Bank Investment Management

THE FUND'S HOLDINGS IN FIXED-INCOME MARKETS

Percentage of market value of bonds in the benchmark index

Source: Bloomberg Barclays Indices, Norges Bank Investment Management