The Wealth on Norwegian Oil

Norway is one of the world’s richest nations.
The reason for its huge wealth is down to its oil and the careful investment management of the money.

Norway set up a fund to manage its oil wealth, it is called the Government Pension Fund Global, sometimes known as Norway’s Sovereign Wealth Fund. It started this fund, in 1995, that is only 20 years ago.

http://www.nbim.no/en/the-fund/

The figures are incredible.

Over 7000 Billion Norwegian Krona = £560 Billion Pounds.

That is about 35% of the total annual GDP of the UK.

60% is held in Equities
35% in Bonds
5% in Property

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