Browsing Norges Bank Investment Management by Title
Now showing items 8-27 of 121
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Capturing Systematic Risk Premia
(Discussion note;8/2012, Others, 2012)This note illustrates the empirical risk/return characteristics of the different risk premia, and how one can design scalable investment strategies to capture systematic risk premia. -
Climate change as a financial risk to the fund
(The Asset Manager Perspective;2/2021, Others, 2021)Climate risk is already affecting the markets in which the fund is invested. The changes in the climate system are becoming more intense, widespread, and frequent. The long-term economic implications of climate change could ... -
Corporate Bonds in a Multi-Asset Portfolio
(Discussion note;2/2017, Others, 2017)In this note, we evaluate the risk and return characteristics of corporate bonds, and discuss the role of this asset class in a multi-asset portfolio consisting of equities and nominal Treasury bonds in addition to corporates. ... -
Corporate Governance
(Discussion note;14/2012, Others, 2012)In this discussion note, NBIM’s expectations on corporate governance are presented. Expectations directed at boards are discussed, as is the rationale for focusing on board accountability and equal treatment of shareholders. ... -
Corporate sustainability reporting
(The Asset Manager Perspective;1/2020, Others, 2020)Companies’ activities have an impact on the world around them in ways that may not be priced into their market value. Their operations may in turn be affected by changes in their surroundings, either physical or social. ... -
Country and industry effects in global equity returns
(Discussion note;01/2019, Others, 2019) -
Currency Carry Trade
(Discussion note;3/2014, Others, 2014)The carry trade in currency markets means that an investor buys a high-yielding currency and finances this by borrowing money in a currency with a low interest rate. The empirical literature on the carry trade indicates ... -
Economic Growth and Equity Returns
(Discussion note;5/2012, Others, 2012)We study the links between economic growth and equity market returns to evaluate whether structural changes to global growth composition have implications for longer-term strategic allocations. In particular, we assess ... -
Empirical Analysis of Rebalancing Strategies
(Discussion note;3/2012, Others, 2012)We review the theoretical foundation for rebalancing regimes and look at the impact of rebalancing on the portfolio’s risk and return based on historical return data from 1970 to 2011. We compare both different calendar ... -
Expected returns on a multi-asset portfolio
(Discussion Note;1/2022, Others, 2022) -
Forvaltning av Statens petroleumsfond : Årsrapport 1998
(Årsrapport;1998, Report, 1999) -
Forvaltning av Statens petroleumsfond : Årsrapport 1999
(Årsrapport;1999, Report, 2000) -
Forvaltning av Statens petroleumsfond : Årsrapport 2000
(Årsrapport;2000, Report, 2001) -
Forvaltning av Statens petroleumsfond : Årsrapport 2001
(Report, 2002) -
Forvaltning av Statens petroleumsfond : Årsrapport 2002
(Årsrapport;2002, Report, 2003) -
Forvaltning av Statens petroleumsfond : Årsrapport 2003
(Årsrapport;2003, Report, 2004) -
Forvaltning av Statens petroleumsfond : Årsrapport 2004
(Årsrapport;2004, Report, 2005) -
Free Float Adjustments in Global Equity Portfolios
(Discussion note;5/2014, Others, 2014)Free float represents the portion of a company’s shares that is publicly traded as opposed to locked-in shares held by strategic investors. In this note, we compare the rationale and various implications of using full ... -
Fundamental drivers of asset returns
(Discussion Note;2/2021, Others, 2021)Asset returns are driven by changes to their expected future cash flows and the corresponding discount rates. In this note, we use this idea to identify the fundamental drivers of equity and bond returns based on expected ... -
Global Equity Indices – a Comparative Study Between FTSE and MSCI
(Discussion note;2/2014, Others, 2014)In this note we present a review of construction practices and performance of global equity benchmarks from the perspective of a large long-term global asset owner. Our objective is to gain a better understanding of the ...