Government Pension Fund Norway (GPFN)

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).

• Portfolio holdings (in Norwegian only)

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.

Meld. St. 22 (2023–2024)

The Government Pension Fund 2024

Report to the Storting 12/04/2024

The annual white paper on the management of the Government Pension Fund reports on results in the management of the Government Pension Fund Global (GPFG) and the Government Pension Fund Norway (GPFN), and discusses development of the investment strategy and framework for responsible investment.