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193304
Market value of Government Pension Fund Norway increased
statistikk
2015-03-25T10:00:00.000Z
Public sector
en
folketrygdfond, Government Pension Fund Norway (discontinued), National Insurance Scheme Fund, shares, interests, bank deposits, bonds, primary capital certificates, assets, liabilities, equityCentral government finances , Public sector
false

Government Pension Fund Norway (discontinued), 2nd half-year 2014

This statistics has been discontinued. Consult The Government Pension Fund.

 

The operational management of the Pension Fund Norway is carried out by the National Insurance Scheme Fund.

 

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Market value of Government Pension Fund Norway increased

Last year’s financial report for Government Pension Fund Norway shows that net assets amounted to NOK 185.7 billion at the end of 2014. This corresponds to a return on the Fund’s equity of 10.7 per cent compared to 2013 when the Fund’s net assets amounted to NOK 167.8 billion.

Government Pension Fund Norway. Balance sheetPublished 25 March 2015
2nd half year 20142nd half year 20142nd half year 20042nd half year 2004
Million kronerPercentage of total assetsMillion kronerPercentage of total assets
Deposits in total9 4704.79880.6
Commercial papers00.03 9192.2
Bonds80 92839.826 58515.1
Shares and other equity107 74952.940 83923.3
Loans00.099 00756.4
Other financial assets5 3732.64 1422.4
Non-financial assets00.000.0
Total assets203 520100.0175 481100.0

Source: Statistics Norway

Figure 1. Government pension fund Norway, Total assets

Of the Fund’s total assets of NOK 203.5 billion, shares and other equities represented NOK 107.7 billion or 52.9 per cent of the total portfolio. The stock of bonds amounted to NOK 80.9 billion or 39.8 per cent. Deposits and other financial assets represented 7.3 per cent of the Fund’s total assets.

The financial report shows that the portion of shares and other equities is somewhat reduced compared to the 2nd half of 2013 when shares and other equities amounted to 59.7 per cent of the Fund’s total portfolio. The share of bonds has increased from 36.5 per cent since the end of 2013.

Government Pension Fund NorwayOpen and readClose

Through the Government Pension Fund Act, the Storting has made the Ministry of Finance responsible for the management of the Government Pension Fund Norway (GPFN). Operational management of the Fund is carried out by Folketrygdfondet. The capital base of the GPFN originates primarily from surpluses in the national insurance scheme between the introduction of the national insurance scheme in 1967 and the late 1970s. The objective for the management of the Fund 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.