02.09.2013 - Norway’s sovereign wealth fund and the top 15 from around the world
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