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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Norway fund to refrain from fx buying in June

Posted on 01 June 2010

From Reuters: Norway’s central bank will not sell Norwegian crowns in June to buy foreign exchange for the country’s oil fund after refraining from selling crowns in May, the bank said on Monday.
The central bank manages Norway’s $450 billion-plus Government Pension Fund — Global which invests surplus oil wealth to save for the future when the oil and gas run out. The bank sells Norwegian currency to invest the fund’s money in foreign stocks and bonds. It is one of the world’s biggest sovereign wealth funds and Europe’s largest equity investor……………………………………….Full Article: Source

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