It is not possible to replicate the fund exactly.

To do this, the managers of Norwegian oil wealth would have to report on a daily basis which stocks they have bought and sold.

But they don't do that.

But if you look around on the English-language website, you will find a lot about the fund's principles and the latest reports on its investments.

Daniel Mohr

Editor in the economy of the Frankfurter Allgemeine Sonntagszeitung.

  • Follow I follow

    Accordingly, the fund recently had assets of 1.1 trillion euros, 72 percent invested in stocks, 25 percent in bonds and 3 percent in real estate. The stocks have produced the highest returns in the past few years. But neither should the fund be glorified. During the financial crisis in 2008, the fund's equity stake lost more than 40 percent, and the fund as a whole fell 23 percent. There were also losses in 2018, 2011, 2002 and 2001, as was the case for most investors in the stock market.

    The long-term return is 6.3 percent. The fund takes to heart what investors should also do: take advantage of the long-term above-average stock returns, be patient and diversify your assets widely. The Norwegians distribute their wealth in more than 9,000 stocks around the world. If you want a similar spread in a single equity fund, you can choose the SPDR MSCI ACWI IMI, which invests in almost 9,000 stocks from industrialized and emerging countries and is therefore more diversified than any other ETF. It can be acquired on the Frankfurt Stock Exchange under the WKN A1JJTD. The annual fee is 0.4 percent.

    In addition, the Norwegians are also putting money into bonds to cushion the strong fluctuations in share prices a little. Here the Xtrackers Global Government is a broadly diversified government bond index (WKN DBX0NM). This does not exactly copy the Norwegian depot, but at least has a similar structure. The ETF information page under this link names other funds that fit in with this. So all the best in Norwegian: Lykke til!