Yngve Slyngstad: ignore Brexit and carry on

Yngve Slyngstad, who runs Norway’s $1trn investment fund, says investors should pay scant attention to Brexit headlines and think instead of the very long-term.

934_MW_P14_Strategy_Col

Ignore all the noise

Yngve Slyngstad, (pictured, below right), may not be the best-known money manager, but he is one of the biggest players in the market. He has been running Norway's $1trn sovereign wealth fund, which owns nearly 1.5% of global equities, since 2008.

934_MW_P14_Guru

Par2282853

2008 AFP

"If we look past this ten, 20, 30 years the UK will be an important economy in Europe, and it will remain in Europe. We expect business on that timeline to develop positively no matter what the outcome." In the long run, he notes, "the big driver of the economy and of our... results is development in technology more than political decisions".

So what does he look at? He is not overly worried about trade ("the Chinese economy and the US... are very intertwined"), but he adds that "what moves the markets today is to a large extent either events in the US or... China... these are two markets that you just have to pay very close attention to".

He is more troubled by the trend for fast-growing firms such as ride-hailing app Uber to stay private. "It's in everyone's interest that we have a mechanism to have large companies... being governed and having ownership change between different participants... How do we get stock exchanges to realise... an important part of their role is to make it attractive to be a listed company?"

Recommended

What will happen to the price of gold in 2022?
Gold

What will happen to the price of gold in 2022?

Gold is traditionally the go-to asset during inflation. But with inflation at 30-year highs, it has gone nowhere. Dominic Frisby investigates why, and…
20 Jan 2022
UK inflation is at a 30-year high and it hasn’t peaked yet
Inflation

UK inflation is at a 30-year high and it hasn’t peaked yet

UK inflation has hit 5.4% - its highest in 30 years. And it could be heading higher. John Stepek explains what it means for you and your money.
19 Jan 2022
How to position your portfolio for lasting inflation
Investment strategy

How to position your portfolio for lasting inflation

Inflation is rising around the world – and with high inflation a key part of the solution to the world's debt problem, you should expect it to stay th…
17 Jan 2022
Five trends for fund investors to watch in 2022
Funds

Five trends for fund investors to watch in 2022

There is no crystal ball for investment, but these trends could help fund investors prepare for what comes next.
17 Jan 2022

Most Popular

US inflation is at its highest since 1982. Why aren’t markets panicking?
Inflation

US inflation is at its highest since 1982. Why aren’t markets panicking?

US inflation is at 7% – the last time it was this high interest rates were at 14%. But instead of panicking, markets just shrugged. John Stepek explai…
13 Jan 2022
Interest rates might rise faster than expected – what does that mean for your money?
Global Economy

Interest rates might rise faster than expected – what does that mean for your money?

The idea that the US Federal Reserve could raise interest rates much earlier than anticipated has upset the markets. John Stepek explains why, and wha…
6 Jan 2022
Tech stocks teeter as US Treasury bond yields rise
Tech stocks

Tech stocks teeter as US Treasury bond yields rise

The realisation that central banks are about to tighten their monetary policies caused a sell-off in the tech-heavy Nasdaq stock index and the biggest…
14 Jan 2022