Acronym: GPF
 Assets under management:
US$301bn¹
 Established:
1990
 Headquarters: Oslo, Norway
 Origin: Oil
 Website: http://www.norges-bank.no/default____25991.aspx


Investments
²:
  • Julius Baer Holding (Switzerland)

  • BP (UK)

  • BNP Paribas (France)

  • General Electric (USA)

  • HSBC Holdings  (UK)

  • Novartis (Switzerland)

  • Anglo American (UK)

  • UBS  (Switzlerland)

  • Exxon Mobil Corp (USA)

  • Nestle (Switzerland)

  • Roche Holding (Switzerland)

  • Banco Santander (Spain)

  • GlaxoSmithKline (UK)

  • Allianz (Germany)

  • Royal Bank of Scotland Group (UK)

  • AXA (France)

  • E.ON (Germany)

  • ING Groep (Netherlands)

  • ENI (Italy)

  • Microsoft (USA)

  • Barclays (UK)

  • Citigroup (USA)

  • Sanofi Aventis (France)

  • Siemens (Germany)

  • Toyota Motor Corp (Japan)

  • Telefonica (Spain)

  • Altria Group (USA)

  • Credit Suisse Group (Switzerland)

  • Unicredito Italiano (Italy)

  • Nokia (Finland)

  • Bank of America (USA)

  • Sumitomo Mitsui Financial Group (Japan)

  • Procter & Gamble Co (USA)

  • AT&T Inc (USA)

  • Deutsche Bank (Germany)

  • HBOS (UK)

  • Tesco (UK)

  • ABN Amro Holding (Netherlands)

  • Lloyds TSB Group (UK)

The Goverment Pension Fund - Global

Fund details

History
Founded in 1990, changed name in January 2006 from The Petroleum Fund of Norway.

Management
Managed by Norges Bank Investment Management (NBIM), part of Norwegian Central Bank.

The Petroleum Fund’s Advisory Council on Ethics
was established in November 19, 2004 by royal decree.

Companies Excluded from the Investment Universe³
Rio Tinto
Hanwha Corporation
Serco Group Plc
GenCorp Inc
Vedanta Resources Plc.
Sterlite Industries Ltd.
Madras Aluminium Company Ltd.
DRD Gold Limited
Poongsan Corporation
Wal-Mart Stores Inc
Wal-Mart de Mexico SA de CV
Freeport McMoRan Copper Gold Inc
BAE Systems Plc.
Boeing Co.
Finmeccanica Sp.A.
Honeywell International Inc.
Northrop Grumman Corp.
United Technologies Corp.
Safran SA
Alliant Techsystems Inc.
EADS Co (European Aeronautic Defence and Space Company)
EADS Finance BV
General Dynamics Corporation
L3 Communications Holdings Inc.
Lockheed Martin Corp.
Raytheon Co.
Thales SA.
Singapore Technologies Engineering

Location
Norges Bank
Bankplassen 2
P.O Box 1179 Sentrum
N-0107 Oslo, Norway
Tel +47 22 31 60 00

References
1. Hemscott - Norway's oil fund shrinks 1.3 pct in October, 14 November 2008
2. Major Norwegian Sovereign Wealth Fund Holdings, A Portfolio Analysis of Sovereign Wealth Funds, Christopher Balding, University of California, May 2008
3. Ownership and ethics - Norges Bank website


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