NBIM’s investment decisions are based on in-depth analysis. In addition to portfolio managers, we have teams analysing developments in equities, fixed income, real estate, credit markets and macroeconomics.
We also have a unit focusing on the theoretical foundation of the fund’s management. The Norwegian Finance Initiative (NFI) was established to promote financial research and education in areas relevant to the fund’s long-term management. These include asset pricing and portfolio theory, corporate finance, active ownership, corporate governance and market microstructures.
A good long-term return depends on sustainable economic, environmental and social developments. We consider social, environmental and governance risks when making large investments and as part of our active ownership. We have established a database with information on such risks at many of the largest companies the fund invests in. We have also published documents outlining how we expect companies to manage such risks.
NBIM provides advice to the Norwegian Ministry of Finance on the fund’s overall investment strategy. The overall strategy is set by the ministry following discussions in Norway’s parliament.