Oil Fund earns on Pokemon Go

Game Pokemon GoGame Pokemon Go is played on mobile phones at Bryggen in Bergen.Photo: Erik Johansen / NTB scanpix

The Pension Fund has received over a billion kroner gain on their Nintendo shares after the mobile game Pokemon Go was launched, writes the business newspaper Dagens Næringsliv.

The Government Pension Fund Global, also known as the Oil fund, began investing in Nintendo shares in 1998. According to the newspaper, the fund owned 0.73 percent of Nintendo holdings on 31 December 2015 and if it has not sold or bought more shares this year, the corresponding ascending shareprice means an increase of 1.35 billion for the Fund. Altogether it’s shareholding is now worth 2.66 billion.

The Oil Fund’s press office stated that they did not want to comment on individual investments.

Nintendo, The Pokémon Company and Niantic are behind Pokemon Go. It is not exclusively the mobile phone game that is behind the rise of Nintendo. The reason for the stock price rises is also due to  their ability to capitalize on the brand Pokémon, according to Dagens Næringsliv .

Source: NTB scanpix / Norway Today

 

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