Government Pension Fund Norway (GPFN)

The capital base of the Government Pension Fund Norway (GPFN) originates primarily from surpluses in the national insurance scheme between the introduction of the national insurance scheme in 1967 and the late 1970s.

Governance Framework

The Storting has in the Government Pension Fund Act, made the Ministry of Finance responsible for the management of the Government Pension Fund Norway. Operational management of Fund is carried out by Folketrygdfondet. The Ministry has issued provisions on the management in a separate mandate.

Investment Strategy

The objective for the management of the GPFN is to maximise financial returns measured in Norwegian kroner, given an acceptable level of risk. The main part of the assets of the GPFN is invested in the Norwegian equity and fixed income markets.

Strategic Benchmark Index

The benchmark index adopted by the Ministry forms the basis for the management of the GPFN. The benchmark is divided into equities (60 percent) and fixed income instruments (40 percent), and into two geographical regions; Norway (85 percent) and the Nordic region excluding Iceland (15 percent).

Illustrasjon til stortingsmelding

The Government Pension Fund white paper 2024

Press release 12/04/2024

Topics in this year’s paper include unlisted equities investments for the GPFG and a proposed solution to the ownership stakes challenge for the GPFN.



Asset Management Department

Phone: +47 22 24 90 90
Address: Postboks 8008 Dep, 0030 Oslo
Visitor address: Akersgata 40, 0030 Oslo