Fri, Apr 18, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Market

Norway’s sovereign wealth fund and the top 15 from around the world

Posted on 02 September 2013

The Government Pension Fund Global, or GPFG, is where surplus monies generated by Norway’s petroleum income are deposited. It is the largest sovereign wealth fund in the world, according to the Sovereign Wealth Fund Institute. Despite GPFG’s name, however, it derives its contributions not from individual taxes on the 5 million people living in the country but from revenue produced by the nation’s oil-and gas assets, many of them in the North Sea.
GPFG has more than doubled in value since December 2007, according to data collected by Norway and the Organization for Economic Cooperation and Development. Together, GPFG and its sibling Government Pension Fund Norway, or GPFN, have been described as holding about 1 percent of global equities and as the largest stock owner in Europe, with about 1.78 percent of its markets………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 13908 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
April 2014
M T W T F S S
« Mar    
 123456
78910111213
14151617181920
21222324252627
282930