Mork, Knut Anton; Eap, Hanna Marisela; Haraldsen, … - In: International Journal of Financial Studies : open … 8 (2020) 1/14, pp. 1-20
We consider the portfolio choice of a government with a Sovereign Wealth Fund (SWF) when government revenues depend on exhaustible resources, such as oil and gas. The question is whether the SWF portfolio should underweight shares in the resource industry. Some studies have found that these...
