Browsing Norges Bank Investment Management by Title

Risks and Rewards in Emerging Equity Markets

Unknown author (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

Unknown author (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

Unknown author (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

Unknown author (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

Unknown author (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 ...

Shareholder voting process

Unknown author (The Asset Manager Perspective;3/2020, Others, 2020)

Voting at shareholder meetings is a key component in the well-functioning of financial markets and provides important opportunities for investors to exercise ownership rights and hold company boards accountable. For ...

Shareholding disclosure - A practitioner's perspective

Unknown author (The Asset Manager Perspective;5/2020, Others, 2020)

Shareholding disclosure and market transparency rules aimed at shareholders of public companies are essential to the well-functioning of financial markets, providing benefits to shareholders, listed issuers and regulatory ...

Sourcing Liquidity in Fragmented Markets

Unknown author (Asset Manager Perspective;1/2015, Others, 2015)

As a large participant in global asset markets, Norges Bank Investment Management has to ensure that our liquidity sourcing strategies reflect ever-changing market conditions. In particular, off-exchange trading volume has ...

Sovereign Risk

Unknown author (Discussion note;5/2011, Others, 2011)

Government debt has increased sharply in most developed countries in the wake of the financial crisis. The increased debt burden comes on top of an expected surge in debt due to demographics. Sharpened by the European ...