International equity markets declined in the second quarter, particularly in Japan and emerging markets. The return on the international equity portfolios managed by Norges Bank was negative 3.3 per cent. Higher international interest rates resulted

We believe that shareholders as bearers of the ultimate economic risk should be compensated through the right to vote on major corporate decisions.

This publication gives an overview of the fund's return and risk with a focus on equities and fixed income.

Yngve Slyngstad, CEO, Norges Bank Investment Management (NBIM): The Lehmkuhl Lecture, Norwegian School of Economics and Business Administration (NHH), Bergen, 26 September 2013.