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 a moderate 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).
Related topics and insights
What's new
Latest news
- Strengthens and clarifies the ethical guidelines Press release 05/04/2019
- Changes to the fixed-income benchmark Press release 05/04/2019
- Long-term management in volatile financial markets Press release 05/04/2019
- Sound and responsible management of the Government Pension Fund Press release 10/04/2018
- Sound management of the Government Pension Fund Press release 31/03/2017
- Investment strategy decisions for the GFPG Press release 31/03/2017
- Unlisted investments in the Government Pension Fund Press release 05/04/2016
- Strengthened management of the Government Pension Fund Press release 05/04/2016
Documents
Meld. St. 20 (2018-2019)
Management of the Government Pension Fund in 2018
The purpose of the Government Pension Fund is to support long-term considerations in the government’s spending of petroleum revenues, as well as saving to finance pension expenditure under the National Insurance Scheme.
Latest documents
- Meld. St. 20 (2018–2019) - The Government Pension Fund 2019 Report to the Storting 05/04/2019
- Meld. St. 13 (2017–2018) - The Government Pension Fund 2018 Report to the Storting 10/04/2018
- Meld. St. 26 (2016–2017) - The Management of the Government Pension Fund in 2016 Report to the Storting 31/03/2017
- Government Pension Fund and the Santiago principles Guidelines/brochures 21/02/2017
Shortcut
Contact
The 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