It's around 7000 billion NOK, which is ballpark 1000 billion usd, or a trillion I believe you say.
It's called 'Statens pensjonsfond utland' Roughly translated 'the pensionfund for the state, abroad'.
The policy is for the government to use maximum 4% of the growth of this fund yearly, to cover running expenses.
This is called 'handlingsregelen', 'the rules of engagement.
There are a lot of ethical guidelines as to what we can put the money in (no coal, no tobacco, etc), and we're running out of places to put all the money.
Is $1 billion a lot? What is there entire portfolio value?
ReplyDeleteIt's around 7000 billion NOK, which is ballpark 1000 billion usd, or a trillion I believe you say.
ReplyDeleteIt's called 'Statens pensjonsfond utland'
Roughly translated 'the pensionfund for the state, abroad'.
The policy is for the government to use maximum 4% of the growth of this fund yearly, to cover running expenses.
This is called 'handlingsregelen', 'the rules of engagement.
There are a lot of ethical guidelines as to what we can put the money in (no coal, no tobacco, etc), and we're running out of places to put all the money.
60% stocks, 35% interest bonds, 5% property