Mr. Nobel's legacy to the Foundation in that year was about 365,438+0 million Swedish kronor. At first, the Nobel Fund was very conservative, because it was stipulated that the money could only be used for "safe investment", such as bank deposits, government bonds and other fixed-income assets with high safety factors.
However, as we all know, simple "safe investment" is difficult to beat inflation. In the face of huge bonus expenditure and meager interest income every year, the Nobel Fund can't make ends meet. By 1953, the overall size of the fund has shrunk by nearly 60% compared with the initial one! In order to continue to operate, the Nobel Foundation has to change its investment strategy-on the basis of fixed income investment, it also includes high-risk assets such as stocks and real estate.
At the same time, many governments have also exempted the investment tax of the Nobel Foundation. The investment strategy of Nobel Fund can be summarized as follows: while insisting on the safety of principal, through rational and flexible multi-asset allocation, the balance between income and risk is tilted to the return side as much as possible, and the long-term steady growth of assets is realized.
The above picture shows the asset value of the Nobel Fund from 65438 to 0975. Today, Nobel Fund has realized that relying on the income from investment and wealth management without using the principal is enough to support the small goal of bonus distribution and become a typical representative of sustainable asset management model.