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Le fonds souverain norvégien

Author

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  • Mehmet Caner
  • Thomas Grenes

Abstract

[fre] Le fonds norvégien est l'un des fonds souverains les plus transparents. Sa Stratégie d'investissement ressemble à celle d'autres fonds communs de placement. Cependant, on observe une évolution continue vers un portefeuille plus risqué remettant en question l'objet du fonds. Si son objectif est de protéger les citoyens norvégiens contre la volatilité des marchés mondiaux de l'énergie, on peut s'interroger sur sa capacité à atteindre cet objectif lorsqu'il expose les actifs publics à la volatilité d'un niveau égal ou supérieur sur les marchés financiers ? . Classification JEL.' F30, G29 [eng] Performance and Transparency of the Norwegian Sovereign Wealth Fund . The Norwegian sovereign wealth fund (SWF) is widely acknowledged ta be one of the most transparent funds of its type. It has performed like a balanced mutual fund whose investments have been no more disruptive to financial markets than those of other institutional investors. There is a question as to whether the Fund has been a prudent agent for Norwegian citizens. If its purpose is ta protect Norwegian national assets from the volatility of energy markets, can it be judged successful its investments expose collective assets ta equal or greater risk in world financial markets ? . JEL Classification : F30, G29

Suggested Citation

  • Mehmet Caner & Thomas Grenes, 2009. "Le fonds souverain norvégien," Revue d'Économie Financière, Programme National Persée, vol. 9(1), pages 125-131.
    • Handle: RePEc:prs:recofi:ecofi_0987-3368_2009_hos_9_1_5424
    DOI: 10.3406/ecofi.2009.5424
    Note: DOI:10.3406/ecofi.2009.5424
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    References listed on IDEAS

    as
    1. Mr. Peter J Kunzel & Cornelia Hammer & Iva Petrova, 2008. "Sovereign Wealth Funds: Current Institutional and Operational Practices," IMF Working Papers 2008/254, International Monetary Fund.
    2. Joshua Aizenman & Reuven Glick, 2009. "Sovereign Wealth Funds: Stylized Facts about their Determinants and Governance," International Finance, Wiley Blackwell, vol. 12(3), pages 351-386, December.
    3. Jason Kotter & Ugur Lel, 2008. "Friends or foes? The stock price impact of sovereign wealth fund investments and the price of keeping secrets," International Finance Discussion Papers 940, Board of Governors of the Federal Reserve System (U.S.).
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    More about this item

    JEL classification:

    • F30 - International Economics - - International Finance - - - General
    • G29 - Financial Economics - - Financial Institutions and Services - - - Other
    • F30 - International Economics - - International Finance - - - General
    • G29 - Financial Economics - - Financial Institutions and Services - - - Other

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