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

Norway caps junk-graded debt as wealth funds grow more cautious

Posted on 11 November 2010

From Bloomberg: Norway’s government will require the country’s $520 billion oil fund to limit investments in junk- rated debt amid growing concern peripheral Europe’s fiscal crisis may be escalating.
The Government Pension Fund Global, the world’s second- biggest sovereign wealth fund, will next year be expected to try to cap its holdings of non-investment grade debt at 3 percent of its total fixed-income portfolio, said Bunny Nooryani, a spokeswoman at Norges Bank Investment Management, which runs the fund, in an e-mailed reply to questions……………………………………….Full Article: Source

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