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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Norway oil fund close to peak, uncertain returns ahead

Posted on 19 February 2016

The size of Norway’s $810 billion sovereign wealth fund, the world’s biggest, may have peaked as oil prices collapsed and Oslo gets ready for its first net cash withdrawal, the central bank said.
Built from oil and gas revenues over a 20-year period, the fund is invested in foreign stocks, bonds and real estate to share the country’s hydrocarbon wealth with future generations and avoid creating asset bubbles at home. The fund’s rules allow the government to withdraw up to four percent of its value annually and its growth in previous years had always exceeded the level of withdrawals………………………………………..Full Article: Source


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