Chief Executive Officer Nicolai Tangen introduces former CEO Yngve Slyngstad to take us through the fund’s 25-year history of investing in fixed income. We also meet Asgeir Haugland, Global Head of Fixed Income, Gøril Havro, Head of Fixed Income Europe, Malin Norberg, Global Head of Fixed Income Trading and Pauli Mortensen, Head of Fixed Income Rates Trading to learn more about how the management has evolved.
This review looks at our approach to invest in fixed income to safeguard our assets for the long term. It explains how fixed-income management originated from the central bank’s management of the foreign exchange reserves. The role of fixed income in the fund is to reduce return fluctuations, meet liquidity needs and reap bond market risk premiums. These objectives still stand today despite low interest rates.
We have published expectations of how companies in our portfolio should address global challenges in their operations since 2008. These expectations largely coincide with the UN Sustainable Development Goals.
Our voting guidelines provide a principled basis for our voting decisions. We also publish position papers which set out our views on specific topics and serve as a starting point for discussion with companies and standard setters. With some issues that we consider particularly important, we may publish our voting intentions ahead of a company’s shareholder meeting.
Our analyses are informed by our research and experience as a large, long-term investment manager. The Discussion Note series provides a basis for our investment strategy and advice to the fund’s owner. The Asset Manager Perspective series presents our views on topics relevant to the financial sector. The perspectives are not intended to be definitive but to provide useful input for all market participants.
Our mission is to safeguard and build financial wealth for future generations of Norway. Our goal is to be the best global investment fund in the world.