Norges Bank Gains Edge Via Corporate Access

Corporate Access is a critical component of Norges Bank Investment Management's portfolio managers' investment processes, deeply integrated into their strategies.

Ed Young from Norges Bank Investment Management stated that this access serves as a competitive advantage due to the fund's status as a very large holder of equities, which affords it strong access to management teams, a privilege not taken for granted.

Norges Bank Investment Management conducts over 3,000 company meetings annually as part of its comprehensive engagement strategy.

Approximately 40% of these meetings take place during organized roadshows, with a significant 85% of those roadshow meetings occurring at the London office, establishing it as a central hub for global meeting activities.

Pablo De Castro highlighted the significant value derived from field trips, which include visits to company headquarters, stores, factories, and shopping malls to better understand their operations.

These visits, while not directly translating into short-term performance, are crucial for gaining a deep understanding of how companies are run, thereby aiming to contribute to medium and long-term investment performance.