Difference between revisions of "Norwegian Sovereign Wealth Fund"
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==Corona and Pharmaceutical Companies== | ==Corona and Pharmaceutical Companies== | ||
| − | During 2019, the Oil Fund purchased large amount of stock in pharmaceutical companies, an increase of 31.5%<ref>https://steigan.no/2020/03/virus-den-nye-oljen/</ref> | + | During 2019, the Oil Fund purchased large amount of stock in pharmaceutical companies, an increase of 31.5% year on year<ref>https://steigan.no/2020/03/virus-den-nye-oljen/</ref>. |
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Latest revision as of 06:57, 31 March 2020
 Norwegian Sovereign Wealth Fund    | |
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The Norwegian Sovereign Wealth Fund, officially The Government Pension Fund of Norway,is world’s largest sovereign wealth fund.
It comprises two entirely separate sovereign wealth funds owned by the government of Norway.
The Oil Fund
The Government Pension Fund Global , also known as the Oil Fund, was established in 1990 to invest the surplus revenues of the Norwegian petroleum sector. It has over US$1 trillion in assets, including 1.4% of global stocks and shares, making it the world’s largest sovereign wealth fund.
It also owns a few percent of the 3 companies dominating world finance, BlackRock, Vanguard and State Street.
Pension Fund
The smaller Government Pension Fund Norway was established in 1967 as a type of national insurance fund. It is managed separately from the Oil Fund and is limited to domestic and Scandinavian investments and is therefore a key stock holder in many large Norwegian companies, predominantly via the Oslo Stock Exchange.
Corona and Pharmaceutical Companies
During 2019, the Oil Fund purchased large amount of stock in pharmaceutical companies, an increase of 31.5% year on year[1].
