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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Investment, Market

Norway’s puzzling purchases of Greek bonds

Posted on 22 September 2010

From Theglobeandmail.com: The fund that manages Norway’s massive oil and gas wealth has been buying Greek bonds. It hasn’t stopped with that risky call, and is also loading up on the unloved bonds of Portugal and Spain, among others.
The move by the highly regarded fund has focused attention on the investment merits of Europe’s high-yielding sovereign bonds, which in the case of Greece are offering about 11.5 per cent if held to maturity, while those of Portugal clock in at about 6.3 per cent, both for 10-year terms……………………………………….Full Article: Source


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