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