Keep pulling the thread on Malin Norberg.
Norwich Bank Investment Management (NBIM) manages Norway's sovereign wealth fund, which has approximately $1.8 trillion in assets under management.
Norway's sovereign wealth fund, managed by NBIM, invests exclusively outside of Norway and owns approximately 1.5% of all publicly listed companies worldwide.
Countries that do not have a 2050 net-zero emissions goal account for 45% of global emissions.
Nearly 20% of all US tax revenue is currently used to service the interest costs on government debt, and this share is trending higher.
In Norwich Bank Investment Management's (NBIM) stress testing, a "debt crisis" scenario was the most impactful, modeling a potential portfolio decline of approximately 40%.
Over the past decade, the allocation to European equities in NBIM's portfolio has decreased from 26% to approximately 15%.
Norwich Bank Investment Management (NBIM) owns approximately 2.5% of every publicly listed company in Europe.
The United States now spends more on servicing its national debt than on its defense budget.
Norway's sovereign wealth fund accounts for nearly 25% of the country's annual government budget.
In 2020, NBIM received a mandate to invest in unlisted renewable energy infrastructure, with the potential to allocate up to 2% of the fund, or approximately $40 billion.
Malin Norberg is concerned about the market concentration in large technology stocks, which now account for approximately 30% of the S&P 500 index.
Norwich Bank Investment Management (NBIM) holds approximately $50 billion worth of stock in Apple and another $50 billion in NVIDIA.