The Norwegian oil revenues continue to fill up the Government Pension Fund although a fragile world economy and turbulent
stock markets in the last years have resulted in reduced investments by the Fund.
The experience acquired during the last financial crisis will be used to buy financial instruments and stocks in sinking markets. An the the buying rate will increase !
Mr. Yngve Slyngstad, CEO of the Pension Fund this week announced that as the markets weakens further, they will increase their buying rate, in attemts to copy the success from the fall of 2008. As their objective to maintain a real return of investment of min 4 % they shy away from bonds, presently giving zero or reduced returns.
The investment horizon of the Pension Fund is 30 years. Their mandate gives the Pension Fund the possibility to increase their exposure in the stock market up to 60% of total investments. Their stock portfolio is required to be shared between Europe (50%), America/USA (35%) Asia and Oceania (15%), and as of 2008 Emerging economies.
All investments are to be made outside Norway. The fund may buy up to 10% of shares with votes in public companies complying with the Funds Ethic and environmental Standards as well as code of conduct.
"We are just waiting for the stock- and financial-markets to become even weaker," mr. Slyngstad said during a conference Wednesday. "As they get weaker, we will start buying, - and we will buy a lot!".
The International Monetary Fund (IMF) has presented its views on the Norwegian economy and Norwegian economic policy, and concludes that the Norwegian economy continues to perform well.(Photo: Finance Minister Sigbjørn Johnsen)..
In presenting the revision of the 2013 Fiscal Budget, Finance Minister Sigbjørn Johnsen said the Government proposes a slight strengthening of the budget balance compared to the approved 2013 budget...
The Government Pension Fund Global (GPFG), also known as the National Oil Fund, posted a 5.4 percent return, or the equivalent of NOK 219 billion, in the first quarter.
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The Norwegian Pension Fund, or National Oil Fund, as it is also known, has for the first time invested in properties in the US, purchased from the US Pension Fund TIAA-CREF.
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The Government has released a white paper discussing challenges and policy options facing the Norwegian economy towards 2060, stating it is likely to be faced with difficult choices in the decades to come.
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Norwegian Prime Minister Jens Stoltenberg on Wednesday met with French President Francoise Hollande in Paris. Main topic of their talks was the financial crisis.
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The Norwegian Government Pension Fund (Oil Fund) has grown to become the largest sovereign wealth fund during the last year, according to a Institutional Investor 2012 ranking.
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Presenting the revised National Budget for 2012, Finance Minister Sigbjørn Johnsen said Economic activity in Norway has held up well in 2012, despite the global economic slowdown.
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Norwegian Foreign Minister Jonas Gahr Støre says relations between Norway and Poland are continuing to grow in both breadth and depth.
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The Norwegian National Oil Fund, or the Government Pension Fund Global, in official terms, has reported a profit of 7.1 per cent (NOK 234 billion) in the first quarter of this year.
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Apple, the world's most valuable company with a market value of more than 550 billlion USD, beats the Norwegian pension fund in value. The Norwegian state pension fund reported their 2011 results Friday this week.
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Norway’s portfolio investment abroad was NOK 4 281 billion at the end of 2010. Twenty-four per cent of the total investment was located in the USA, which amounted to NOK 1 040 billion. (Photo: Norwegian Central Bank)
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