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230492
Increase in market value of Government Pension Fund Norway
statistikk
2015-09-25T10:00:00.000Z
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, balance sheet, 1st half 2015

Government Pension Fund Norway (discontinued), 1st half-year 2015

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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Increase in market value of Government Pension Fund Norway

Last year’s financial report for Government Pension Fund Norway shows that net assets amounted to NOK 195.9 billion at the end of the first half of 2015. This corresponds to a return on the Fund’s equity of 6.7 per cent compared to the first half of 2014 when the Fund’s net assets amounted to NOK 183.5 billion.

Government Pension Fund Norway. Balance sheetPublished 25 September 2015
1st half year 20151st half year 20151st half year 20051st half year 2005
Million kronerPercentage of total assetsMillion kronerPercentage of total assets
Deposits in total7 9473.82 8811.6
Commercial papers00.03 3921.8
Bonds81 31338.725 40713.8
Shares and other equity117 99956.244 97924.4
Loans00.0106 08757.5
Other financial assets2 6501.31 6940.9
Non-financial assets00.000.0
Total assets209 909100.0184 438100.0

Source: Statistics Norway

Figure 1. Government pension fund Norway, Total assets

Of the Fund’s total assets of NOK 209.9 billion, shares and other equities represented NOK 118 billion or 56.2 per cent of the total portfolio. The stock of bonds amounted to NOK 81.3 billion or 38.7 per cent. Deposits and other financial assets represented 5 per cent of the Fund’s total assets.

The Fund’s investments in foreign equities amounted to NOK 43.3 billion at the end of the first half of 2015, or 20.6 per cent of the total portfolio. At the end of the first half of 2014, this share amounted to 18 per cent.

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.