The Management of the Government Pension Fund in 2014 Meld. St. 21 (2014-2015)

The Strategy Council provides advice on investment strategy to the Norwegian Ministry of Finance, who represent the owners of the Norwegian Government Pension Fund Global,

present Report refers to the value of the Govern- Whilst the capital of the Fund can only be spent ment Pension Fund – Global as set out in Norges once, the real return may finance

For the twelve months to 31 December 2010, the Total Fund return for the Norwegian Government Pension Fund - Global was 9.62% in currency basket terms as calculated by BNY MAS,

In its letter of 29 November 2011, the Ministry asks Norges Bank to advise on whether the strategic benchmark index for the Government Pension Fund Global’s bond investments should

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

In this letter, Norges Bank provides advice on the strategic benchmark index and regional weights for the Government Pension Fund Global’s equity investments.. The letter builds on