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
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.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
  • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    Further reading