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Sovereign Wealth Funds Briefing - Categorized | Financials, Trends

Biggest Wealth Fund Relies on Income Flows as Oil Cash Wanes

Posted on 02 October 2015

Norway’s $820 billion sovereign wealth fund is so far coping with the near halt in the inflow of oil cash by using its growing investment income to implement portfolio shifts. With Brent crude this year down about 50 percent from a year ago, the Norwegian government is injecting less cash into the fund. Inflows were just 17 billion kroner ($2 billion) in the first half of this year, compared with a quarterly average of 60 billion kroner over the past 10 years.
The decline has been manageable so far, said Oeyvind Schanke, chief investment officer for asset strategies, at the Oslo-based fund. “We can raise cash from the coupons coming from the fixed income side or the dividends coming from the equity side,” Schanke said……………………………………….Full Article: Source


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