Browsing Forvalterperspektiver / Asset manager perspectives by Issue Date
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Sourcing Liquidity in Fragmented Markets
(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 ... -
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 ... -
The Role of Last Look in Foreign Exchange Markets
(Asset Manager Perspective;3/2015, Others, 2015)Last Look is a unique feature of foreign exchange (FX) markets that gives liquidity providers the option to reject orders received from liquidity takers in response to the provider’s quote. This feature is effective in ... -
The Role of Securities Lending in Well-Functioning Markets
(Asset Manager Perspective;2/2016, Others, 2016)Securities lending markets contribute to well-functioning markets in important ways. The main vector for this contribution is that lending markets aid in efficient price discovery for assets. Asymmetries in the ability of ... -
The Listings Ecosystem : Aligning incentives
(Asset Manager Perspective;1/2016, Others, 2016)Companies deciding to go public enjoy a number of advantages that complement the original intention of their founders’ capital raising and risk-sharing needs. These include improved liquidity, transparency and visibility. ... -
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 ... -
Managing Informational Asymmetries in Foreign Exchange Markets
(Asset Manager Perspective;2/2017, Others, 2017)The recent release of the FX Global Code of Conduct is an opportunity to revisit common market practices in global foreign exchange markets. These markets are critical to the functioning of the global economy, and provide ... -
The Sustainable Development Goals and the Government Pension Fund Global
(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 ... -
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 ... -
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. ... -
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 ... -
Shareholder voting process
(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
(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 ... -
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 ... -
Addressing climate-related risks and opportunities as a financial investor
(The Asset Manager Perspective;1/2021, Others, 2021)Climate change poses a financial risk to investors. Understanding when, where and how the effects of climate change will materialise is an important but complex exercise. Although the timing and magnitude of the consequences ...