Mon, Sep 1, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Market

Norway’s sovereign wealth fund shuns stocks on reversal bet

Posted on 28 October 2013

Norway’s sovereign wealth fund, the world’s largest, warned that stock-market gains may reverse as Europe’s biggest equity investor said it won’t use new inflows to buy more shares.
“Our share in the stock market has been stable or falling even though markets are rising, and that means in practice that we’re not using inflows to buy stocks,” Yngve Slyngstad, chief executive officer of Norges Bank Investment Management, said at a press conference today in Oslo. The fund is preparing for a “correction” in stock prices, he said………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 14649 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

September 2014
M T W T F S S
« Aug    
1234567
891011121314
15161718192021
22232425262728
2930