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.
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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