Sat, May 28, 2022
A A A
Welcome mteam
RSS

Sovereign Wealth Funds Briefing - Categorized | Investment, Trends

Sovereign Wealth Fund Investments Hold Steady Amid Oil Shock

Posted on 25 February 2015

Tired of having its economy whipsawed by big swings in oil prices, Norway in 1996 pened a rainy-day fund to save oil earnings for future generations and cushion the government’s budget from volatility in crude prices. Today the Government Pension Fund Global, as its called, is the world’s largest sovereign wealth fund, with $870 billion in assets.
Its massive size can easily offset the fiscal hit from the recent drop in global oil prices or help prevent “Dutch disease” - the tendency of natural-resource revenues to strengthen local currencies and weaken economic competitiveness- should oil prices rebound………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 19873 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
May 2022
M T W T F S S
« Nov    
 1
2345678
9101112131415
16171819202122
23242526272829
3031