SWFs finally reach $4 Trillion in Assets, extra boost from Norway GPFG
Estimates by the Sovereign Wealth Fund Institute – sovereign wealth funds have finally reached the US$ 4 trillion in assets.
Just recently, Norway’s Government Pension Fund Global (GPFG) published that they topped over 3 trillion kroner for first time. The Norwegian sovereign wealth fund is now $512 billion in assets. This is a huge milestone in the importance and growth of sovereign wealth funds. Oil based sovereign wealth funds still hold the lead over non-commodity based sovereign wealth funds.
“The fund has grown faster and bigger than most people expected since getting its first inflow of capital in May 1996,” says Yngve Slyngstad, chief executive officer of Norges Bank Investment Management (NBIM), which manages the sovereign fund.
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