This is an archived release.
Continued growth in total capital
The Government Pension Fund - Norway’s total capital amounted to NOK 117.6 billion at the end of 2007. Compared with the end of 2006, this is an increase of NOK 8.4 billion, or 7.7 per cent.
The value of the portfolio of shares and other equity increased by NOK 6.7 billion, or 10.5 per cent. Moreover, the value of holdings of bonds increased by NOK 2.5 billion. The value of deposits decreased by NOK 2.1 billion, while commercial papers and other financial deposits increased by approximately NOK 1.4 billion compared with 2006.
The portfolio of shares and other equity had a market value of NOK 70.1 billion at the end of 2007. NOK 9.8 billion of this was invested in shares in the Nordic equity market1. The portfolio was invested mainly in central government and private non-financial enterprises, life insurance companies and commercial banks.
The portfolio of bonds had a market value of NOK 41.7 billion at the end of 2007. The portfolio was invested mainly in central government, commercial banks, savings banks, mortgage companies, central government and private non-financial enterprises and the foreign market.
At the end of 2007, the holdings of deposits, commercial papers and other financial assets had a value of NOK 5.7 billion.
1 Source: National Insurance Scheme fund, www.ftf.no
Government Pension Fund - Norway
The Government Pension Fund was established on 1 January 2006. The Fund is comprised of the Government Pension Fund - Global, which is a continuation of the Petroleum Fund, and the Government Pension Fund - Norway, previously known as the National Insurance Scheme fund. The operational management of the Government Pension Fund - Norway is carried out by Folketrygdfondet.