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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Norway’s wealth fund pulls out of Argentina

Posted on 26 May 2014

Norway’s $870 billion sovereign wealth fund, one of the world’s largest investors, has pulled its investments out of Argentina, a top fund official said on Friday, blaming the government’s protectionist policies there.
Latin America’s No. 3 economy has been struggling to maintain investor confidence following repeated market interventions by President Cristina Fernandez and amid an ongoing legal battle over a massive debt default. Her administration also heavily regulates capital flows and imports. “We have pulled out from Argentina,” Trond Grande, the fund’s deputy chief executive, told a business seminar………………………………………..Full Article: Source


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