30.11.2016 - Oil-centric sovereign wealth funds
Among the largest sovereign wealth funds, oil- and gas-related revenues account for just less than 57% of total assets, including four of the top five funds largest by assets, derive their assets from their energy industry. Norway's Government Pension Fund Global sits atop the list with $885 billion in assets. While Norway is not a member of OPEC, the fund will be directly impacted by the meeting results. The fund has been faced with budget shortfalls due to lower revenues and low investment returns; its oil production has approached five-year highs during 2016...............................................Full Article: Source
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