🇳🇴 Norway Government Pension Fund Global (GPFG)
- • AUM: Approximately $1.4 trillion
• Founded: 1990
• Source of wealth: Oil and gas revenues
• Manager: Norges Bank Investment Management (NBIM)
• Overview: Often referred to as the Norwegian Oil Fund, the GPFG is the largest sovereign wealth fund in the world. Its primary purpose is to shield Norway’s economy from fluctuations in oil prices and to ensure long-term financial stability. It has a diversified portfolio, with investments spread across global equities, fixed income, and real estate. The fund is renowned for its transparency and ethical guidelines, avoiding investments in companies involved in severe environmental damage, tobacco, and certain weapons.
