So if you own energy stocks in your portfolio and you were worried that a massive player in the group was about to start 'dumping' its holdings owing to environmental concerns, your worries were misplaced. Also, you should stop getting your financial news from CNN.
Based on mainstream media reports one might have thought that a seismic shift in global portfolio management occurred when Norway's key sovereign wealth fund, the Government Pension Fund Global announced a new policy regarding energy stocks Friday. According to some analysis Norway will be"" its oil and gas stocks, but nothing could be further from the truth.
To be sure, GPFG is massive, and its NOK 8.25 trillion in holdings--including NOK 5.48 trillion, or about $625 billion, in equities--ranked it as the world's largest sovereign wealth fund last year. GPFG’s equity portfolio sported a 5.8% weighting in oil and gas companies as of year end--the largest holding was Royal Dutch Shell--but, again, none of the top 10 holdings will be divested, so Norway's going to remain a huge player in the global integrated energy space.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Norway sovereign-wealth fund aims to dump a swath of oil and gas stocksNorway’s Finance Ministry on Friday recommended that the country’s $1 trillion sovereign-wealth fund drop shares of energy companies that engage in exploration and production of oil and gas from its portfolio, a move that could potentially weigh on the energy sector.
Baca lebih lajut »
Woman records avalanche crashing toward central Norway homeCOPENHAGEN, Denmark (AP) — A Norwegian woman showed she had quick wits and a cool head by recording a video of a 'dramatic' avalanche as it cascaded toward her house. Gunn Gravem Isaksen, a...
Baca lebih lajut »
Inter-continental conflict ends peacefully as Norway agrees Canada’s got the bigger mooseAn intercontinental conflict ended peacefully Wednesday as Norway agreed: Canada’s got the bigger moose. One *could* call it.... a moose truce.
Baca lebih lajut »
Norway fund to sell exploration, production firms, keep integrated energy stocksNorway's trillion-dollar sovereign wealth fund, the world's biggest, w...
Baca lebih lajut »
Intercontinental conflict ends peacefully as Norway agrees Canada’s got the bigger mooseThe emissaries signed a “moosarandum of understanding,” though onlookers preferred the term “moose truce.”
Baca lebih lajut »
Labour is inching closer to backing a Norway-style BrexitJeremy Corbyn is warming to the a so-called Norway-style exit from the European Union, according to supporters of the plan.
Baca lebih lajut »
Norway’s mega-fund fluffs move away from crudeOslo’s $1 trillion wealth fund will ditch oil exploration stocks, but stay invested in groups that also do refining. As a big producer Norway needs to tread carefully. But accepting the risk of subpar returns could have been a way to show greater climate change leadership.
Baca lebih lajut »
Oil helped Norway build up a $1 trillion fund. Now it's dumping oil stocksCNN News, delivered. Select from our newsletters below and enter your email to subscribe.
Baca lebih lajut »
In “The Tempest”, guilt and memory swirl in the mists of timeThe novel turns to Norway, and the lingering, buried stench left by the German occupation during the second world war
Baca lebih lajut »