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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Trends

Norway fund dumps holdings from Europe’s trouble spots

Posted on 07 May 2012

Norway’s $600 billion sovereign wealth fund walked away from Europe’s struggling economies in the first quarter, dumping much of its holdings in battered euro zone government bonds.
The fund sold holdings of Portuguese and Irish government bonds in the quarter, and reduced its investments in government debt from countries including Italy and Spain, it said. Instead it bought bonds issued in local currencies in emerging markets such as Brazil, Mexico and India………………………………………..Full Article: Source


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