Norway Sovereign Wealth Fund Not Looking at Bitcoin: Deputy CEO

The transcript discusses a fund's performance, investment strategy, and asset classes, including equities, real estate, and renewables. It highlights the fund's cautious approach to cryptocurrency and its focus on climate risk and ESG principles. The fund aims for diversification and stability while being a responsible long-term investor.

What was the fund's performance in the third quarter?

• It achieved a record high performance.

• It ended essentially flat but outperformed the benchmark by 25 basis points.

• It significantly underperformed the benchmark.

• It performed poorly due to high interest rates.

Which new asset classes have been added to the fund's portfolio for diversification?

• Technology stocks and commodities

• Real estate and unlisted infrastructure for renewable energy

• Cryptocurrencies and precious metals

• Venture capital and private equity

What is the fund's stance on investing in Bitcoin?

• The fund has already allocated a significant portion to Bitcoin.

• The fund is not interested in Bitcoin due to its experimental nature.

• The fund is considering Bitcoin as a speculative asset.

• The fund is actively investing in Bitcoin.

How does the fund plan to address the challenge of declining oil revenues?

• By investing heavily in cryptocurrencies

• By increasing investments in traditional energy sectors

• By reducing the size of the fund

• By focusing on new industries and renewable energy

What is the fund's approach to managing climate risk?

• Divesting from all energy-related sectors

• Ignoring climate risk as it is not financially significant

• Working with companies to improve their climate disclosures and targets

• Investing only in fossil fuel companies

What are the three pillars of the fund's ESG strategy?

• Risk management, financial growth, and competitive advantage

• Regulatory standards, active ownership, and portfolio tilting

• Technological innovation, market research, and customer satisfaction

• Cost reduction, profit maximization, and market expansion

How does the fund ensure it is a responsible investor?

• By avoiding all high-risk investments

• By maintaining a passive investment strategy

• By actively engaging with companies and voting responsibly

• By focusing solely on short-term profits