Market value
Folketrygdfondet was established in 1967 to manage the surpluses of the National Insurance Scheme (folketrygden). During the first twelve years, NOK 11.8 billion was transferred to the fund. Since 1979, there has been no surplus to deposit, and with the exception of the account loan scheme of about NOK 100 billion being discontinued in 2006, no capital has been withdrawn. However, from 2025 onwards, Parliament has decided on annual withdrawals of 3 percent of the capital to finance the national budget.
Government Pension Fund Norway
Market value in billions NOK
Returns
Folketrygdfondet's management of Government Pension Fund Norway has returned 7.53 percent annually over the past ten years (2015-2024). Active management has yielded a relative return of 85 basis points annually over the same period. This corresponds to approximately NOK 60 billion and over 15 percent of the fund's value.
Government Pension Fund Norway
Return in percent, relative return in percentage points, quarterly, last 10 years
Investments
Nordics
Our funds have the Nordic countries as their investment universe. The mission is highest possible return over time.
Government Pension Fund Norway
The benchmark index has 60 percent in equities and 40 percent in fixed income, divided between 85 percent in Norway and 15 percent in the rest of the Nordic region.
Government Fund Tromsø
The fund will invest in listed small cap companies in the Nordic region. The initial capital is NOK 15 billion. The fund is under establishment.
