主权财富基金投资策略探析——比较挪威政府全球养老基金与中国投资有限责任公司  

Analysis of the Investment Strategy of Sovereign Wealth Funds

作　　者：张春玲[1] ZHANG Chun-ling(Shandong Technology and Business University,Yantai 264005,China)

机构地区：[1]山东工商学院经济学院,山东烟台264005

出　　处：《山东工商学院学报》2023年第5期14-25,共12页Journal of Shandong Technology and Business University

基　　金：山东省自然科学基金“跨期双重选择行为下家庭财富资本与代际流动的传递机制研究”(ZR2022QG041)。

摘　　要：进入二十一世纪后,伴随主权财富投资理念的演进,世界各国相继成立各种规模的主权财富投资基金,主权财富基金日益成为国际金融市场上一股重要力量,挪威政府全球养老基金作为全球最大的主权财富基金,在其投资模式和基准组合的构建上有其丰富的经验和优势,本文对挪威政府全球养老基金和中国投资有限责任公司的投资模式进行了梳理,并对它们的投资策略和基准组合的构建进行了比较分析,从中寻找值得中国养老金借鉴的经验。After entering the 21st century,with the evolution of the concept of sovereign wealth investment,countries around the world have successively established various sizes of sovereign wealth investment funds.Sovereign wealth funds have increasingly become an important force in the international financial market.The Norwegian government's global pension fund,as the largest sovereign wealth fund in the world,has rich experience and advantages in constructing its investment model and benchmark portfolio,This article summarizes the investment models of the Norwegian government's global pension fund and China Investment Co.,Ltd.,and compares and analyzes their investment strategies and benchmark portfolio construction,in order to find valuable experiences for China's pension industry to learn from.

关 键 词：挪威政府全球养老基金 中国投资有限责任公司 投资模式 基准组合 收益 风险衡量 

分 类 号：F832.5[经济管理—金融学] F830.9