The Norwegian Oil Fund calls on European capital markets to topical reforms

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The world’s largest sovereign wealth fund is calling forward in the US and Asia to be behind the United States and Asia in the United States and Asia, including taxes, bankruptcy and control rules, urgent reforms of Europe’s capital markets.

$ 1.9tn of Norway oil fund On the continent, the average of 2.5 percent of the company, which has an average of 2.5 percent, is the only one.

However, the share in the total assets of European capital fell from 26 percent to 15 percent in the last decade, mainly because The fall of competitiveness Compared to US stock markets and some Asian bourses.

“A well-running market in Europe is very important for us.

The fund will send a response to the European Commission Consultation this week Integration of capital marketsThe controversy must be more ambitious and more ambitious and deeper structural problems that damage the continent and its many national markets.

“We share the concerns of European markets during the time in terms of providing new investment opportunities to the dynamism and institutional investors,” he said.

“Key obstacles, national securities laws, corporate laws and member countries include significant varilation modes.”

The largest holdings in Europe includes the stock, ASML, Novo Nordisk, Nestlé and UBS, which includes the places that want to see the movement.

They have less national differences in securities and corporate law and insolvency regimes within Europe; Adaptation for tax modes, especially taxes; and facilitation of debt issuance.

According to him, for European capital, liquidity should be improved by regulating and innovation, and this control must be combined at the European level.

Norwegian politicians cut the relative exposure of the Foundation to Europe and increased the division of the United States in 2012, but this still remains “overweight” on the continent.

However, the Foundation’s managers were structural issues such as the smaller factor in the region, which is a larger factor behind the opening of European investments.

The performance relative to US capital was another issue. The United States shares 40 percent of its assets compared to 21 percent ten years ago.

“In recent years, the size of the number we can invest in European companies, as well as the size of the relative AUM in Europe, also fell very significantly,” he said.

European technology companies such as Spotify and Clarna, plans to list or list in the United States, Linde, CRH and goal holdings have listed in recent years.

The number of European companies owned by the Foundation fell quarterly in the last ten years in 1.546.

Information visualization Aditian Bhandari