UK0,M<$b@mevgɦmJ8s =-bU#b5')byiDz)%2.&_NKpGtJ|QGdr:>Fj0rA ؞F&!| 4`,mz3[
In the News

Where next for Norway's sovereign wealth fund?

The world's biggest sovereign wealth fund (worth in excess of $1trillion) has proposed dropping its investments in oil and gas stocks.

The Norwegian fund officially known as Government Pension Fund Global (GPFG) is run by the Norwegian Central Bank and is designed - in large part - to help diversify the risks facing the Norwegian economy over the longer term and in particular, dependency on revenues from oil and gas exploration, production and refining. 

It comes as something of a surprise that 6% of the fund is currently held in oil and gas equities! But there is no denying the significance of the fund in global stock markets and many analysts will be looking carefully to see in which direction the fund moves when reallocating their portfolio.

Is this a lead indicator of a tipping point for investment in conventional energy supplies?

Sovereign wealth funds are state-owned (the UK does not have one and perhaps we should have created one when North Sea production was at a peak). The invest in a broad array of financial assets including stocks, bonds, real estate and even investments in globally-traded precious metals.

Subscribe to email updates from the tutor2u Economics

Join 1000s of fellow Economics teachers and students all getting the tutor2u Economics team's latest resources and support delivered fresh in their inbox every morning.

You can also follow @tutor2uEconomics on Twitter, subscribe to our YouTube channel, or join our popular Facebook Groups.

Job board

Teacher of Business Education

Longsands Academy, St Neots, Cambridgeshire

New

Teaching Vacancies

Recruitment

Advertise your vacancies with tutor2u

Much cheaper & more effective than TES or the Guardian. Reach the audience you really want to apply for your teaching vacancy by posting directly to our website and related social media audiences.

Find our more ›

Advertise your teaching jobs with tutor2u