News list

As a long-term and global investor, Norges Bank Investment Management (NBIM) seeks to promote well-functioning financial markets. This note looks at the theoretical foundation for well-functioning markets and the reasons why well-functioning markets are important to the long-term management objectives for the Government Pension Fund Global.

As a long-term, minority shareholder in more than 7,000 companies worldwide, NBIM seeks to promote equal treatment of shareholders and board accountability. We have outlined our expectations in these areas in two documents published today as part of a broader note on corporate governance.

Norges Bank Investment Management (NBIM) has published a discussion note on the small-firm effect (SFE), which describes the average long-term excess returns that a portfolio of small-capitalisation stocks have over a portfolio of large-capitalisation stocks.

The Government Pension Fund Global returned 4.7 percent, or 167 billion kroner, in the third quarter of 2012.

There is a sharp rise in company reports of detrimental impacts from drought and other water-related issues, yet little change in the number of companies with board level oversight of water strategies and no increase in the number of corporations providing transparent water-related risk assessments to investors. These are some of the key findings in the 2012 CDP Water Disclosure report published today.