1. Who operates the Pension Fund?
   The Ministry of Finance has delegated the operational management of the Government Pension Fund Global to Norges Bank Investment Management. NBIM is a separate part of the Norwegian central bank (Norges Bank).
2. How much has the Pension Fund earned/lost?
   Information about the size and return on the Fund is presented on our website: Pension Fund - size and return
3. What is the forecast for the size of the Pension Fund?
   You will find the forcast on our website: Pension Fund - forecast
4. What ethical rules apply to the Pension Fund's investments?
   You will find the answer to this question on The Ministry of Finance's website: Ethical Guidelines.
   In addition NBIM`s corporate governance group handles the dialog and day-to-day business such as board meetings and proxy voting.  
5. Who decides which companies that are excluded from the investment universe?
   The Ministry of Finance excludes companies based on recommendations from the Council on Ethics for the Fund. NBIM adapts to the guidelines laid down by the Ministry. 
6. What strategy does the Pension Fund follow?
   The management strategy is laid down by the Norwegian Ministry of Finance. The Fund shall be managed in a prudent manner, with the objective of a high return for moderate risk, thereby helping to safeguard the basis for future welfare, including pensions. Read more about the strategy
7. Where is the Pension Fund allowed to invest?
   This question is regulated by Section 6 of the Regulation on the Management of the Government Petroleum Fund.  At present the Pension Fund is authorised to invest in all countries except from Burma. Prior to investments in new countries, a thorough approval process must be completed.
8. Can the Pension Fund invest in Norwegian equities?
   No, pursuant to Section 2 of the Regulation on the Management of the Government Petroleum Fund, the Fund shall be invested in financial instruments denominated in foreign currencies. Section 6 stipulates the countries in which the capital in the Fund may be invested.
9. Does the Pension Fund invest in private equities?
   No, the Fund invests only in listed equity instruments.
10. Does the Pension Fund invest in hedge funds?
    Hedge funds is not defined as an asset class and is only applied to a minor extent. 
11. Does the Pension Fund invest in real estate?
    2008: Plan to invest over time up to 5% in real estate.
12. Does the Pension Fund invest in emerging markets?
    Yes.
13. Which companies does the Pension Fund have equities in?
    NBIM gives an overview of all our assets in the annual report. See lists of holdings.
    

    Single investments will not be commented on.

14. When will the Pension Fund increase their equity portion from 40 to 60 percent?
    The current assed allocation is described in the quarterly report.
15. Can the general public invest in the fund?
    No. The general public can not invest in the Pension Fund.
16. How can I apply for a job at NBIM/The Pension Fund?
    Information about vacancies and our trainee program can be found at the jobs and careers page.