Government Pension Fund Global
Few nations have the luxury of having a national fund of some magnitude compared to the number of inhabitants. The Norwegian “Government Pension Fund Global” was established to build a reserve for future generations and to secure financial stability in Norway. As a rule the politicians agreed to spend only 4% of the yearly return, something that in the beginning sounded quite wise. Worth mentioning though is that the yearly return over time have not been very good. But still with oil revenues constantly growing and new reserves found all the time they have been able to add considerable amounts to the fund every year. The money derives from heavy taxation of the oil companies operating in Norwegian waters and national direct ownership.
