SOVEREIGN WEALTH FUNDS: THE CASE OF NORWAY

ÖZGÜL H. B.

34th International Public Finance Conference, Antalya, Turkey, 24 - 27 April 2019, pp.241-251, (Full Text)

  • Publication Type: Conference Paper / Full Text
  • Doi Number: 10.26650/pb/ss10.2019.001.037
  • City: Antalya
  • Country: Turkey
  • Page Numbers: pp.241-251
  • Istanbul University Affiliated: Yes

Abstract

Sovereign Wealth Funds that emerged in the mid-twentieth century and whose numbers have largely grown since then, have become an important issue at the heart of discussions today. In this context, The Government Pension Fund-Global, established under the name of Government Petroleum Fund in 1990, attracts the attention as the largest sovereign wealth fund in the world today. Particularly good governance, transparency, importance of ethical values in investments, consistently dynamic structure are the main factors that feature in the development of the fund. Hence, in the study, The Government Pension Fund-Global has been examined in terms of guiding to Turkey Wealth Fund, established in 2016 and one of the world's newest fund.