Management mandate for the Government Pension Fund Global

a) securities issued by Norwegian enterprises, securities denominated in Norwegian kroner, real estate located in Norway or in real estate companies, real estate funds or

The objective of investment in the Government Pension Fund shall be to achieve the highest possible return within the limits of acceptable risk. Within this framework, the Fund

The objective of investment in the Government Pension Fund shall be to achieve the highest possible return within the limits of acceptable risk. Within this framework, the Fund

The objective of investment in the Government Pension Fund shall be to achieve the highest possible return within the limits of acceptable risk. Within this framework, the Fund

Experience from 12 years of managing the GPFG suggests that active management could make an important contribution to the return on the GPFG in the long

Norges Bank manages the GPFG with the objective of achieving the highest possible return over time within the limits of the investment mandate defined by the Ministry of Finance..

External equity managers have contributed with a net excess return of NOK 60 billion.. As Øystein mentioned, the Ministry has proposed changes in the composition of the

Notice that the expected return on small cap and private equity investments have been assumed equal to large and mid cap equity, and that the expected return on real estate has