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Sovereign Wealth Funds Briefing - Categorized | Market, Reserve Currencies

Norway has too much money

Posted on 10 September 2013

Norway, like many super-rich nations, earns its wealth through selling oil, and is the third largest exporter on the planet. Oil in Norway comes primarily from the Barents Sea to the north and the North Sea to the South. Rather than spending frivolously on the unexpected wealth (unlike many a Gulf nation) or manipulate the oil markets, the Norwegian government kept their prices in line with the market, and placed the money in a sovereign wealth fund.
Norway’s Government Pension Fund, which holds nearly 2% of all of Europe’s stocks, is currently valued at $750 billion………………………………………..Full Article: Source


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VRS - who has written 15428 posts on Opalesque Sovereign Wealth Funds Briefing.


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