norway\s sovereign wealth fund cuts exposure in europe
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Norway's sovereign wealth fund cuts exposure in Europe

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Arab Today, arab today Norway's sovereign wealth fund cuts exposure in Europe

Oslo - RT

Government Pension Fund Global, Oslo, has announced plans to shift investments away from Europe. The $609 billion fund, Europe's biggest equity investor, will raise investments in emerging markets and Asia-Pacific. The fund previously held higher allocations to Europe because the country has “traditionally bought most of our goods and services from Europe,” Finance Minister Sigbjorn Johnsen said on Friday. Norges Bank Investment Management, which runs the pension fund's assets, recommended the changes.

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