The fund was set up to shield the Norwegian economy from ups and downs in oil revenue. This review tells the story of how we started buying shares two decades ago and gradually built the world’s largest single owned global portfolio of listed companies.
The fund was set up to diversify the nation’s natural wealth through buying global financial wealth. We converted oil to equities by acquiring a small stake in all easily traded companies in major markets. The review looks at our approach to buying and holding a broadly diversified equity portfolio, representing the whole global equity market. Many may be familiar with the ease of buying the equity market through an exchange traded fund, but few know what it entails 'to buy the market'.
Chief Executive Officer Nicolai Tangen introduces former CEO Yngve Slyngstad and several people from the fund who talk about the fund's equity investments. The participants in the talk are: Emil Framnes, Global Head of Trading, Geir Øivind Nygård, Chief Asset Strategies Officer, Per Einar Ellefsen, Global Head of Equity Enhanced Indexing, Matt Brunette, Global Head of Financing and Brad Katsuyama, who is the CEO and co-founder of the IEX, the Investors Exchange.
The fund was set up to shield the Norwegian economy from ups and downs in oil revenue. This review tells the story of how we started buying shares two decades ago and gradually built the world’s largest single owned global portfolio of listed companies.
Internal active equity management has enabled the fund to develop investment strategies tailored to its characteristics. This review looks at our approach to engaging with companies to gain the investment insight needed to safeguard our assets for the long term.
How did the fund develop from a theoretical economic concept to a trillion-dollar reality? In this review, we tell the story of the fund and its investment strategy from our perspective.
In 20 years, the fund has grown to become the largest single owner in the world’s stock markets. How we exercise our rights and manage our responsibilities as an owner has evolved rapidly. In this review, we share our experience as an investor in over 9,000 companies.
The fund was given a mandate to invest in real estate in April 2010. This publication on the 10th anniversary sums up a decade of real estate investing, and provides an overview of our investments.
This review examines our first 20-year history of investing with external managers. It describes the strategy we have pursued when selecting mandate types and offers an insight into our thinking and the lessons we have learned.