21st April, 2022
Norges Bank (NBIM) has reported that the Government Pension Fund Global returned -4.9% in Q1 2022, delivering a loss of NOK653 billion (US$73 billion), suggesting that sovereign funds can expect a rocky year ahead - but also that diversification in private markets could cushion the blow.
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10th March, 2022
The world’s biggest sovereign wealth fund, the Government Pension Fund Global (GPFG) managed by Norges Bank Investment Management (NBIM), has excluded one Chinese company for human rights violations and put three others on “observation” as part of its ethical investment policy.
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2nd March, 2022
Sovereign Investors have different degrees of exposure to Russia and to the Commonwealth of Independent States (CIS). On the one hand, Middle Eastern funds have been increasing their allocation into the region for the past few years, and Asian countries continue to be some of Russia’s most important trading partners. On the other hand, European and, especially, North American, pensions had already been divesting positions due to geopolitical risk.
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15th February, 2022
Stock exchange filings by state-owned investors, published this week, saw a divergence in strategy and positions in Q4 2021, with leaps in some portfolios slightly offset by downward adjustments in others.
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28th January, 2022
Norges Bank achieved a 14.5% return for its Government Pension Fund Global in 2021, its second-best return thanks to the stellar performance of US public equities. The fund’s return was 0.74 percentage points higher than the return on the benchmark index, equivalent to NOK76 billion (US$8.5 billion).
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25th January, 2022
Recent weeks have seen a continuation of a theme seen in 2021, when state-owned investors (SOIs) piled record amounts of investment in real estate joint venture partnerships with developers.
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17th January, 2022
Campaigners against dangerous cladding on high-rise residential buildings have appealed to Norges Bank Investment Management (NBIM), manager of Norway’s US$1.4 trillion sovereign wealth fund, to withdraw GBP5.7 billion (US$7.8 billion) of investments in firms implicated in the manufacture and supply of allegedly hazardous building materials.
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7th January, 2022
Norges Bank’s external managers are out-classing internal managers in active equities strategies, claims a group of experts commissioned by the Norwegian Ministry of Finance.
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9th December, 2021
According to the latest filings in the Bombay Stock Exchange (BSE), GIC has been very active in the Indian markets, and its holdings have increased to US$ 14.8 billion in the quarter ending on September 30, 2021.
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23rd November, 2021
Latest data on Chinese A-shareholdings show that the world’s biggest sovereign wealth funds and public pension funds are moving in radically different directions as their emerging market equities strategies diverge.
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2nd November, 2021
Investments in Renewable Energy are still inadequate and minuscule compared to the firepower of State-Owned Investors: SWFs have invested US$ 35.3 billion in 105 deals, and PPFs have deployed US$ 40.6 billion in 94 transactions. The efforts are bigger, in relative terms, in those organizations with dedicated programs, e.g. Mubadala’s Masdar, or PensionDanmark’s CIP.
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21st October, 2021
With public markets peaking, Norway’s US$1.4 trillion Government Pension Fund Global (GPFG) returned a meagre 0.1% in Q321 – an increase of NOK31 billion (US$3.7 billion) over the previous quarter – but was still able to beat its benchmark index by 0.25 percentage points.
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