Norwegian Sovereign Wealth Fund

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Group.png Norwegian Sovereign Wealth Fund  Rdf-entity.pngRdf-icon.png

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].

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