Report on the Equity Portion of the Government Pension Fund Global
Published under: Solberg's Government
Publisher Ministry of Finance
Press release | No: 51/2016 | Date: 18/10/2016
The Minister of Finance, Siv Jensen (Progress Party), today received a report on the equity portion of the Government Pension Fund Global (GPFG) from a Government appointed Commission.
– The choice of equity portion is of major importance for expected risk and return in the GPFG. The report of the Commission will form an important part of the basis for the Government’s assessments in the annual report on the Fund to be submitted to Parliament in the spring of 2017. The investment strategy of the GPFG has been developed over time, on the basis of thorough analyses and accumulated experience. This paves the way for sound long-term management of the fund capital, thus enabling the petroleum wealth to benefit both current and future generations, says the Minister of Finance, Siv Jensen.
The Commission, which has been led by Professor Knut Anton Mork, was appointed on 8 January 2016 and tasked with assessing the equity portion of the GPFG. The Commission was requested to analyse expected risk and return for different equity portions and to consider the objective, time horizon and size of, as well as expected outflows from, the Fund.
The report from the Mork-Commission will be circulated for consultation shortly.
The recommendations from the Mork-Commission will also form part of the basis for the follow-up of another Commission, the Thøgersen-Commission, which advised the Government on how the fiscal policy guidelines should be practised in coming years. The Government will revert with an assessment on the Thøgersen-Commission’s recommendations in a report to Parliament on long-term perspectives for the Norwegian economy to be issued in the spring of 2017.