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Sovereign Wealth Funds Briefing - Categorized | Financials, Fund Management/Administration

What’s the best way to handle gas wealth? Ask Norway

Posted on 08 November 2012

The Norwegian government will put its sovereign wealth fund to use in future decades after the country’s oil wells have run dry. The sources of the fund’s money are Statoil dividends and taxes and royalty payments from independent oil companies that operate in Norway. Today, the fund manages about $650 billion, all of which is invested in assets outside of Norway in economic sectors that do not affect the local economy, allowing the country to control inflationary pressures and spread investment risk.
The investment strategy of Norway’s sovereign wealth fund, called the Government Pension Fund Global, is to invest against the business cycle. Since 2007, the fund has increased its stock portfolio holdings from 40 to 60 percent of total investments. At present, the sovereign fund owns one percent of all publicly traded companies in the world………………………………………..Full Article: Source


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