The Fund is invested in foreign government bonds and is subject to currency hedging.

The Funds are managed by Legal & General Investment Management (LGIM). Bank of New York Mellon (BNYM) is the Fund’s security depository bank. BNYM is responsible for independent valuations of the Fund’s investments.

The Norwegian Banks’ Guarantee Fund’s Middle Office is responsible for monitoring the Fund’s returns. The Fund’s investments are measured against a benchmark index consisting of government bonds with 1-3 year maturity and a credit rating of minimum AA. The Board of the Norwegian Banks’ Guarantee Fund issues the investment strategy within the instructions given by the Fund’s statutes.

The Fund is invested in low-risk highly liquid assets

Fund balance, breakdown by country (market value in million kroner):

 

2015

2014

2013

USA

6 160

5 740

5 243

Germany

6 133

5 707

5 164

UK

5 587

5 771

5 255

Canada

3 628

4 346

3 714

Australia

2 955

3 650

 2 957

Others

6 231

3 493

 3 664

Total

30 695

 28 707

  25 996

Detailed information is given in the Fund’s Annual Reports.

Annual Reports for the Norwegian Banks' Guarantee Fund