| Norway’s Government Pension Fund, known as the Oil Fund, is the largest sovereign wealth fund in the world, commanding around US$900b of surplus wealth produced by Norwegian petroleum income. With a current allocation to equities of 60%, up from 40% in 2007, the Oil Fund is also a key player in global financial markets.
The Financial Times estimates that on average the Oil Fund owns 1.3% of every listed company in the world and 2.5% in Europe. The Oil Fund’s significance to world equity markets is poised to increase..........................................Full Article: Source |