Government Pension Fund Global

The Government Pension Fund Global, often called Norges Bank Investment Management or the Norwegian Oil Fund, is Norway’s sovereign wealth fund. It was created to manage the country’s revenue from oil and gas extraction. The fund invests Norway’s oil money in a diversified portfolio of global stocks, bonds, and real estate to grow wealth over time. Its main goal is to ensure long-term financial stability for Norway’s future retirees and public services, while also maintaining responsible investment practices to promote sustainable growth worldwide.