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 started out as a reluctant owner. Today, we vote at more than 11,000 shareholder meetings and have nearly 3,500 meetings with companies every year. We publish expectations of companies that make clear our priorities as a long-term owner. We contribute actively to the development of international standards on responsible business conduct.
The CEO Yngve Slyngstad, Chief Governance Officer Carine Smith Ihenacho and Head of Governance Jonas Jølle, will take us through the fund's last 20-years experience as an investor in over 9,000 companies and discuss how we went from a small, reluctant owner to a large, active owner. We will also take a virtual travel to meet Professor Alex Edmans at the London Business School and Paul Simpson, CEO of CDP. They will talk about the role of large investors, responsible business conduct and the development of international standards.
This review looks at our approach to invest in fixed income to safeguard our assets for the long term. It explains how our fixed-income management originated from the central bank’s management of the foreign exchange reserves. The role of fixed income in the fund is to reduce return fluctuations, meet liquidity needs and reap bond market risk premiums.
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.
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.
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.
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.