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).
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Documents
- Meld. St. 17 (2022–2023) - The Government Pension Fund 2023 Report to the Storting 31/03/2023
- Adherence of the Government Pension Fund Norway (GPFN) to the Santiago principles Guidelines/brochures 31/01/2023
- Government Pension Fund and the Santiago principles Article 31/01/2023
- Meld. St. 9 (2021–2022) - The Government Pension Fund 2022 Report to the Storting 01/04/2022
- Meld. St. 24 (2020–2021) - The Government Pension Fund 2021 Report to the Storting 09/04/2021
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Contact
Asset Management Department
E-mail: postmottak@fin.dep.no
Phone: +47 22 24 41 63
Address: Postboks 8008 Dep, 0030 Oslo
Visitor address: Akersgata 40, 0030 Oslo