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Serious World's 2nd Best Pension Fund Reaches $1 Trillion In Value! Guess The Fund!

JohnTan

Alfrescian (InfP)
Generous Asset
Norway's giant pension fund is now worth over $1 trillion. Yes, 1 followed by 12 zeros.

The fund's managers announced Tuesday that currency shifts had helped push its value above $1 trillion for the first time.

"The growth in the fund's market value has been stunning," fund chief Yngve Slyngstad said in a statement. "I don't think anyone expected the fund to ever reach $1 trillion when the first transfer of oil revenue was made in May 1996."

For comparison: $1 trillion is roughly the size of Mexico's economy.

Norway is a major oil producer, and it has plowed its energy earnings into the fund in order to fund pensions and other government expenses.

The fund is among the world's biggest investors in stocks, owning $667 billion worth of shares in over 9,000 companies globally. It owns on average 1.3% of all listed companies worldwide.

Its largest holdings are in Apple (AAPL, Tech30), Nestle (NSRGF), Royal Dutch Shell (RDSA), Novartis (NVS), Microsoft (MSFT, Tech30) and Alphabet (GOOGL, Tech30), the owner of Google.


The fund also owns large real estate portfolio, including stakes in buildings at the world's most desirable addresses, such as Times Square in New York, Regent Street in London, and Champs Elysees in Paris.
Returns have been impressive.

The fund has generated an annual return of 5.9 % since January 1998, a figure that is reduced to 4% when management costs and inflation are included. In 2016, it clocked a 6.9% return worth 447 billion Norwegian kroner ($57 billion).

This year is shaping to be even more prosperous. The fund made 499 billion kroner ($63 billion) in just the first two quarters of 2017.

The fund's value works out to over $190,000 for each of Norway's 5.2 million citizens.

http://money.cnn.com/2017/09/19/investing/norway-pension-fund-trillion-dollars/index.html
 

JohnTan

Alfrescian (InfP)
Generous Asset
We should've sack Whore Jinx and employ them Norwegians. But now it's too late

Why?

I consider our CPF to be the number 1 fund! Which other fund or fixed deposit can guarantee you a return of around 4% a year? FDs offered by our banks are not even close to providing a 0.5% return a year.
 

Charlie99

Alfrescian (Inf)
Asset
We should've sack Whore Jinx and employ them Norwegians. But now it's too late

Never too late.
Better to replace the CEO and investment managers, ASAP,
and ensure that there will be sufficient assets for the Singaporeans.

The Norwegians are realistic:
5.9 % return, but after management fees / costs and inflation, it is 4% per annum,
unlike Singapore, which claimed to have a higher annual return.
 

Charlie99

Alfrescian (Inf)
Asset
Why?

I consider our CPF to be the number 1 fund! Which other fund or fixed deposit can guarantee you a return of around 4% a year? FDs offered by our banks are not even close to providing a 0.5% return a year.

In the past, you may appear less illogical and more worldly than your most recent post.
Regardless whether or not you support and champion the PAP government and its affiliates and individuals related to those entities, you may have made a fool of yourself with this:

"I consider our CPF to be the number 1 fund!"


Which top ten sovereign fund or country's pension fund regularly and continuously changes the rules of withdrawal or has a requirement to maintain a minimum amount in an individual's pension account.
 

Blazars

Alfrescian
Loyal
I used to think CPF is a good way to keep money with the 4% return. But if you compare it with other country fund, CPF isnt so good.
 
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