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We manage the fund on behalf of the Norwegian people – both current and future generations. We are dependent on confidence to achieve our mission, so we aim to be a professional, transparent and responsible investment manager. However, there are some topics we cannot inform about – matters that others should discuss, and information that is market sensitive. Otherwise, our goal is for the people of Norway and others to be able to find all the information they need about the fund and its investments.

Annual report





The Government Pension Fund Global returned 6.9 percent, or 447 billion kroner, in 2016.


Annual report 2016


Responsible investment

We manage the fund responsibly in order to support the investment objective of the highest possible return with a moderate level of risk. Read about our responsible investment in 2016.

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Real estate investments 2016

The fund’s investments in unlisted real estate returned 1.7 percent in 2016.

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Return and risk 2016

This publication gives an overview of the fund’s return and risk with a focus on equities and fixed income. The publication assembles figures that we have previously published, as well as a few new figures.

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For journalists


Thomas Sevang

Head of Communications and External relations

Phone: (+47) 24 07 32 76
Mobile: (+47) 92 60 17 56
Email: [email protected]

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Advisor, Communications and External relations

Phone: (+47) 24 07 33 55
Mobile: (+47) 41 57 97 25
Email: [email protected]

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Communications department: 

[email protected] 

Questions about individual investments or assessments of future market developments may be market sensitive and therefore cannot normally be discussed by Norges Bank Investment Management.

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    Quarterly report 1Q 2017

    The quarterly report for 1Q 2017 will be published on