dc.contributor.author | Stakkeland, Jon Vegard | |
dc.contributor.author | Lahikainen, Anna Katariina | |
dc.date.accessioned | 2018-12-17T10:18:48Z | |
dc.date.available | 2018-12-17T10:18:48Z | |
dc.date.issued | 2018 | |
dc.identifier.uri | http://hdl.handle.net/11250/2577897 | |
dc.description | Masteroppgave(MSc) in Master of Science in Business, Finance - Handelshøyskolen BI, 2018 | nb_NO |
dc.description.abstract | The equity allocation in the Government Pension Fund Global has a major impact
on the fund’s overall long-term risk and return. The purpose of this study is to
examine the optimal equity allocation in the GPFG by analyzing the different
components that affect the decision. Our study complements prior assessments of
the equity share. The evidence from this study suggests that the peer institutions
take higher risk than the GPFG. We find that the GPFG has a competitive advantage
due to specific fund characteristics and can therefore have a higher allocation to
equities than the global market portfolio. We also find that the national wealth has
similar characteristics to a corporate bond. However, the overall risk has increased
since the previous equity assessment, as equity-like assets account for a higher share
of the total national wealth. The results show that with the current fiscal rule, the
fund is unlikely to maintain its real value in the future. | nb_NO |
dc.language.iso | eng | nb_NO |
dc.publisher | Handelshøyskolen BI | nb_NO |
dc.subject | finans | nb_NO |
dc.subject | finance | nb_NO |
dc.title | Equity Allocation in the Government Pension Fund Global | nb_NO |
dc.type | Master thesis | nb_NO |