Browsing Norges Bank Investment Management by Title
Now showing items 66-85 of 121
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No-trade band rebalancing rules : Expected returns and transaction costs
(Discussion Note;1/2018, Others, 2018) -
Norges Bank Investment Management : Annual Report 2006
(Annual report;2006, Report, 2007) -
Norges Bank Investment Management : Annual Report 2007
(Report, 2008) -
Norges Bank Investment Management : Årsrapport 2006
(Årsrapport;2006, Report, 2007) -
Norges Bank Investment Management : Årsrapport 2007
(Årsrapport;2007, Report, 2008) -
The Norwegian Government Petroleum Fund : Annual Report 1998
(Annual report;1998, Report, 1998) -
The Norwegian Government Petroleum Fund : Annual Report 1999
(Annual report;1999, Report, 2000) -
On Risk Premium Variation
(Discussion note;1/2011, Others, 2011)This section provides a brief introduction to modern financial economics and theories of discount factor variation. -
Petroleum Wealth and Oil Price Exposure of Equity Sectors
(Discussion Note;4/2017, Others, 2017)In this note, we analyse the short- and long-term co-movement of equity sectors with oil prices. We discuss how Norwegian petroleum wealth is exposed to a permanent oil price decline through sectors that co-move with oil prices. -
Portfolio delegation and the effects of benchmarks
(Discussion Note;1/2020, Others, 2020) -
Prospective Real Returns in Fixed Income
(Discussion note;2/2011, Others, 2011)In this paper, we discuss the potential long-term real return implications of current yield levels in developed economies’ government bond markets. Treasury yields in the major economies are at or very close to their ... -
Remuneration of the CEO
(Asset Manager Perspective;1/2017, Others, 2017)CEO remuneration structures are a distinct issue of interest to shareholders, with likely implications for the well-functioning of financial markets. This note views remuneration as an expression of corporate governance ... -
Renewable Energy Investments
(Discussion note;4/2015, Others, 2015)The market for renewable energy investments has grown markedly over the last ten years, and is a market in constant change. In this note we look closer at infrastructure investments in renewable energy. Our objective is ... -
Return Predictability and Implications
(Discussion note;2/2012, Others, 2012)We review the academic literature on the empirical phenomenon of return predictability and discuss its implications for the rebalancing policy of long-term investors. -
Risk and Return of Different Asset Allocations
(Discussion Note;2/2016, Others, 2016)In this note, we evaluate the risk and return characteristics of equities and government bonds, and discuss how the risk and return profile of a portfolio of these asset classes varies with the size of the equity allocation ... -
Risks and Rewards in Emerging Equity Markets
(Discussion note;6/2012, Others, 2012)We survey the literature on the risks and rewards in emerging equity markets. Drawing on theoretical and empirical arguments, we assess whether a long-term investor should have a strategic allocation to these markets that ... -
Risks and Rewards of Inflation-Linked Bonds
(Discussion note;10/2012, Others, 2012)Inflation-linked bonds are fixed-income securities whose principal and coupons are linked to price indices. They are designed to eliminate the risk of unexpected inflation to the holders of the bonds. In this discussion ... -
The role of closing auctions in well-functioning markets
(The Asset Manager Perspective;2/2020, Others, 2020)The growth in volume share at the close of the trading day has been well documented in the literature. Beyond their positive contribution to end-of-day price discovery, closing auctions have become significant liquidity ... -
Role of Exchanges in Well-Functioning Markets
(Asset Manager Perspective;2/2015, Others, 2015)Stock exchanges play a central role in facilitating the funding of firms and promoting investment and wealth creation. They provide two key services to economic growth and capital markets – policing of listing privileges ... -
Shareholder proposals on sustainability
(The Asset Manager Perspective;4/2020, Others, 2020)Voting on shareholder proposals allows investors to exercise ownership rights by holding the board accountable and steering companies in important decisions. In several markets an increasing number of proposals focus on ...