• The Sustainable Development Goals and the Government Pension Fund Global 

      Ukjent forfatter (Asset Manager Perspective;1/2018, Others, 2018)
      The UN Sustainable Development Goals (SDGs) set out an ambitious policy agenda to achieve sustainable economic, social and environmental development by 2030. As a long-term and global owner, the Government Pension Fund ...
    • The Term Premium 

      Ukjent forfatter (Discussion note;4/2011, Others, 2011)
      In this section, we review the theory and empirical evidence of the term premium. The term premium is the excess return that an investor obtains in equilibrium from committing to hold a long-term bond instead of a series ...
    • The Value Effect 

      Ukjent forfatter (Discussion note;16/2012, Others, 2012)
      In this note, we review the theory and empirical evidence of the value effect. The value effect is the excess return that a portfolio of value stocks (stocks with a low market value relative to fundamentals) has, on average, ...
    • Time-Varying Expected Returns and Investor 

      Ukjent forfatter (Discussion note;1/2012, Others, 2012)
      What is the optimal rebalancing policy for a portfolio’s equity and bond holdings? The classical answer, building on the seminal contributions by Mossin (1968), Merton (1969, 1971), Samuelson (1969) and others, is that ...
    • Well-Functioning Financial Markets 

      Ukjent forfatter (Discussion note;13/2012, Others, 2012)
      In this note we discuss the theoretical foundation for well-functioning financial markets and why well-functioning financial markets are essential to reach the objective for the management of the Fund. Against this background ...
    • Withdrawals from the GPFG and potential trade-offs 

      Ukjent forfatter (Discussion Note;2/2023, Others, 2023)