Masteroppgave(MSc) in Master of Science in Business, Finance - Handelshøyskolen BI, 2022Being a sovereign wealth fund (SWF), the Norwegian Government Pension
Fund Global (NGPFG) operates in a political environment and must adapt
to several considerations. We address to what extent the combination of
equity share and payout policy influence the downside risk of the fund. Our
results show that today’s composition of the fund is sustainable in terms of
the trade-off between maintaining both today’s expected payouts and the
real fund value and controlling the downside risk
