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05/03/2018at 12:42

CEO of Norway’s oil fund unfazed by potential market correction

Last year’s buoyant stock markets helped deliver an investment return of over a trillion Norwegian kroner to Norway’s giant sovereign wealth fund, the Government Pension Fund Global (GPFG). But while many investors now say overbought equities might be set for a downwards correction, the GPFG’s top manager Yngve Slyngstad tells AMWatch that’s just the scenario that would help the fund.
Yngve Slyngstad, Chief Executive of Norway's giant oil fund. | Photo: NBIM
BY RACHEL FIXSEN

Since it was set up in 1990, Norway’s oil fund — the Government Pension Fund Global (GPFG) — has produced more than NOK 4 trillion (EUR 415 billion) in cumulative investment returns, and a quarter of that was made in the last year alone.

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Nicolai Tangen is the CEO of Norges Bank Investment Management. | Foto: Ole Berg-Rusten / NTB
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