Norway’s sovereign wealth fund may ditch oil and gas stocks
The Norwegian Central Bank has recommended that Norway’s government should remove oil and gas stocks from its sovereign wealth fund.
17 November 2017
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Norges Bank Investment Management – part of the Norwegian Central Bank – has recommended that Norway’s government should remove oil and gas stocks from the global benchmark index of its sovereign wealth fund to help reduce risk resulting from price fluctuations.
“The vulnerability of government wealth to a permanent drop in oil and gas prices will be reduced if the fund is not invested in oil and gas stocks, and [we] advise removing these stocks from the fund’s benchmark index,” the bank wrote in a...
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