"Oljefondet" redirects here. For the Norwegian television series, see Oljefondet (TV series).
Government Pension Fund of Norway
Value of the fund over time in billion Krone
Company type
Government-owned
Founded
1967 1990
Headquarters
Oslo, Norway
AUM
US$ 1.626 trillion (March 2024)
Owner
Government of Norway
The Government Pension Fund of Norway (Norwegian: Statens pensjonsfond) comprises two entirely separate sovereign wealth funds owned by the government of Norway.
The Government Pension Fund Global (Statens pensjonsfond utland), also known as the Oil Fund (Oljefondet), was established in 1990 to invest the surplus revenues of the Norwegian petroleum sector. As of March 2024,[update] it had over US$1.62 trillion in assets,[1] and held on average 1.5% of all of the world's listed companies, making it the world's largest single sovereign wealth fund in terms of total assets under management.[2][3] This translates to over US$295,000 per Norwegian citizen.[4] It also holds portfolios of real estate and fixed-income investments. Many companies are excluded by the fund on ethical grounds.[5]
The Government Pension Fund Norway is smaller and was established in 1967 as a type of national insurance fund. It is managed separately from the Oil Fund and is limited to domestic and Nordic investments and is therefore a key stock holder in many large Norwegian companies, predominantly via the Oslo Stock Exchange.
^"Norway Government Pension Fund Global (Norway GPFG) – Sovereign Wealth Fund, Norway – SWFI". swfinstitute.org. Retrieved 21 June 2023.
^"Norway's sovereign-wealth fund passes the $1trn mark". The Economist. 21 September 2017.
^Hanna Ghaderi, Martin Hagh Høgseth and Kjetil Malkenes Hovland (25 October 2019). "Milepæl: Oljefondet passerer 10.000 milliarder kroner". e24.no (in Norwegian). Archived from the original on 25 October 2019. Retrieved 26 October 2019.
^Cite error: The named reference :1 was invoked but never defined (see the help page).
^"Observation and exclusion of companies". 18 March 2019.
and 26 Related for: Government Pension Fund of Norway information
A pensionfund, also known as a superannuation fund in some countries, is any program, fund, or scheme which provides retirement income. Pension funds...
Noregs Bank, lit. 'Bank ofNorway') is the central bank ofNorway. It is responsible for managing the GovernmentPensionFundofNorway, which is the world's...
through The GovernmentPensionFundofNorway. The list is as of 2005[update]. Norway portal Companies portal Lists portal List ofgovernment-owned companies...
24 December 2020. "NorwayGovernmentPensionFund Global (Norway GPFG) - Sovereign Wealth Fund, Norway - SWFI". Sovereign Wealth Fund Institute. Retrieved...
Pensions in Norway fall into three major divisions; State Pensions, Occupational Pensions and Individual or personal Pensions. All Norwegians citizens...
Svarva (born 21 December 1957) is a Norwegian financial analyst and former CEO of the GovernmentPensionFundofNorway. Svarva was born in Steinkjer on...
days of decompression, and suffered permanent physical injury. A sovereign wealth fund, the Oil Fund and part of the GovernmentPensionFundofNorway, was...
Staff PensionFund (UNJSPF) under Article 28 of the Regulations, Rules and Pension Adjustment System of the United Nations Joint Staff PensionFund (UNJSPF...
Chinese medicine) and the wholesale and retail of pharmaceutical products. The GovernmentPensionFundofNorway has excluded the company from investments...
North Dakota Legacy Fund Permanent University Fund – funds universities in Texas from oil revenue The GovernmentPensionFundofNorway Alaska v. Amerada...
Heritage Savings Trust Fund often draws comparisons to the GovernmentPensionFundofNorway, the US$1.2-trillion sovereign wealth fund established in 1990...
Norwegian Public Service PensionFund (Norwegian: Statens Pensjonskasse) is a Norwegiangovernment agency responsible for the extra pensions paid to state...
projects. The Superfund maintains a list of excluded companies similar to the GovernmentPensionFundofNorway. The Superfund will not invest in the companies...
Morrison & Foerster LLP. The building is partially owned by the GovernmentPensionFundofNorway, who according to their 2015 report owns 47.5%. San Francisco...
further 6.5% is owned by Folketrygdfond, which administers the GovernmentPensionFundofNorway. Norsk Hydro employs approximately 35,000 people. Hilde Merete...
A pension (/ˈpɛnʃən/; from Latin pensiō 'payment') is a fund into which amounts are paid regularly during an individual's working career, and from which...
the group's deforestation impact. On 21. December 2021 the GovernmentPensionFundofNorway placed Marfrig under observation "due to risk that the company...
Global Information
US$ 1.626 trillion (March 2024)