Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By Freedom Bunker
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Norway Remains World’s Largest Sovereign Wealth Fund

% of readers think this story is Fact. Add your two cents.


Norway Remains World’s Largest Sovereign Wealth Fund

Authored by Katharina Buchholz via Statista.com,

Saudi Arabia’s Public Investment Fund (PIF), which has made a lot of headlines recently due to its significant investments in golf and football, released its 2022 annual report on Sunday, providing the public with a glimpse into the operations of one of the world’s largest sovereign wealth funds. At the end of 2022, the PIF’s assets under management amounted to roughly $600 billion – a figure that has since grown to $700 billion according to Global SWF, a company tracking sovereign wealth funds.

While gaining more international attention due to its investments in sports, the PIF actually reduced its international strategic investments last year, with their share of total assets under management dropping from 20 to 10 percent, while domestic investments accounted for 77 percent of AuM at the end of the year.

Often accused of “sportswashing”, the PIF is very clear about the purpose of its international investments in its annual report. Among other things, the fund’s strategic international investments are meant to “establish strategic relationships and partnerships with innovative companies, investment managers, and influential investors to allow Saudi Arabia to extend its global reach and influence”, to “bolster Saudi Arabia’s position on the world stage as a leader and enabler of the future global economy” and to “support government-to-government relationships.”

Serving a totally different purpose, the Norwegian Government Pension Fund is still the largest sovereign wealth fund in the world. According to data from Global SFW, the fund’s assets under management amount to $1.38 trillion, narrowly exceeding the $1.35 trillion in assets under management from the Chinese Investment Corporation. As our chart shows, most of the world’s largest sovereign wealth funds are located in Asia and the Arab world, with Norway the only, albeit notable exception.

The unique Norwegian fund was set up to invest government revenues from its vast oil and natural gas reserves into sectors deemed more sustainable in order to provide for a future when the country can no longer rely on its income from fossil fuels. The Norwegian government is free to use up to three percent of the fund’s volume annually for social purposes – that number currently amounts to roughly $40 billion.

Tyler Durden Mon, 08/14/2023 – 02:45

Read More…


Source: https://freedombunker.com/2023/08/13/norway-remains-worlds-largest-sovereign-wealth-fund/


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.


LION'S MANE PRODUCT


Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules


Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.



Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.


Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.