Storting, 20 May 2011
Yngve Slyngstad
CEO NBIM
The Fund’s market value
NOK billion
3 000 3 500
3 000 3 500
3 102
2 500 3 000
2 500 3 000
1 500 2 000
1 500 2 000
1 000 1 500
1 000 1 500
0 500
0 500
0 0
99 00 01 02 03 04 05 06 07 08 09 10 11
Source: NBIM
Value for the Fund *) and equity markets
Index, 100 = 1 July 2007 , y
100 120
100 120
80 100
80 100
60 60
40 40
Government Pension Fund Global FTSE All cap
0 20
0 20
j l 07 j 08 j l 08 j 09 j l 09 j 10 j l 10 j 11
jul. 07 jan. 08 jul. 08 jan. 09 jul. 09 jan. 10 jul. 10 jan. 11
*) GPFG without transfers
Equity buys and equity markets
Quarterly data. NOK billion and equity index (31 December 1997=100)
Q y q y ( )
140 160
200 220
Equity buy (right hand)
120 140
180 200
Equity index (left hand)
80 100
140 160
40 60
100 120
0 20
60 80
1997 2001 2004 2007 2010
Source: NBIM
Currency weightings in the benchmark portfolio for fixed income investments
for fixed‐income investments
31 March 2011
JPY: 4.0 %
Other: 4.7 %
EUR: 46.5 % GBP: 11.4 %
USD: 33.4 %
Highest fees to external managers
NOK million NOK million
600 600
400 500
400
500 Highest
Second highest Third highest
300 400
300
400 Third highest Fourth highest Fifth highest
200 200
0 100
0 100
2002 2003 2004 2005 2006 2007 2008 2009 2010
Source: NBIM
