$2T fund CEO surprised by 'stable' markets

• Higher oil prices are expected to have an inflationary effect.
• Markets are 'remarkably stable' despite factors like fragmentation and increased geopolitical risks.
• The fund is surprised by the market's lack of significant reaction to these negative threats.
• Emphasizes the importance of a consistent, long-term investment approach, guided by their mandate from the Ministry of Finance.

The CEO of Norway's $2 trillion sovereign wealth fund expresses surprise at the current market's 'remarkable stability' despite inflationary pressures from higher oil prices and increased geopolitical risks. He highlights the fund's long-term investment mandate as a key strategy for navigating unpredictable environments.