The Government Pension Fund



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	Monetary policy NBIM The Government Pension Fund - Global Framework Size and return External managers Reports Government Petroleum Insurance Fund Foreign reserves Corporate governance NBIM Reports Articles and submissions Jobs and Careers Financial stability Payment systems Notes and coins About Norges Bank Press room Speeches, articles Publications Statistics Research	Print The Government Pension Fund - Global The Government Pension Fund is the largest fund managed by NBIM. The Government Pension Fund is a continuation of the former Petroleum Fund, which was established in 1990. The Norwegian Storting adopted the Act relating to the Government Pension Fund in 2005. The Ministry of Finance is responsible for the management of the Fund, and has delegated responsibility for the operational management of the Fund's international assets to NBIM. The capital is invested in non-Norwegian financial instruments (bonds, equities, money market instruments and derivatives), and in 42 developed and emerging equity markets and 31 currencies for fixed income investments. NBIM manages the Fund partly internally and partly by engaging external managers Excess Return 1998-2006 Norges Bank, Bankplassen 2, PB 1179 Sentrum, 0107 Oslo, tlf (+47) 22 31 60 00 Last updated 29.03.2007	A brief history 1990 The Storting adopts the Act relating to the Government Petroleum Fund 1996 Initial capital transfer 1998 Equities added to the investment universe 2002 Non-government guaranteed bonds added to the investment universe 2004 Ethical guidelines is established and the Advisory Council on Ethics is appointed 2006 The Government Pension Fund is established
	Norges Bank Bankplassen 2 P.O Box 1179 Sentrum N-0107 Oslo, Norway Tel +47 22 31 60 00
	Disclaimer	Last updated 29.03.2007

Norges Bank Investment Management

The Government Pension Fund - Global

A brief history