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

EU rescue bonds attractive buy, Norway Oil Fund says

Posted on 04 February 2011

Trond GrandeFrom Bloomberg: Norway’s $545 billion oil fund said Europe’s rescue bonds, designed to help support its most indebted nations, represent an attractive buying opportunity as the securities are safer than regular sovereign debt.
“We are positive to this initiative,” Trond Grande, deputy chief executive officer at the world’s second-largest sovereign wealth fund, said today in an interview in Oslo. “It is a good construct and I can reveal that we did participate significantly in that issue that took place, that gives a clue to how we view this construct.”………………………………………Full Article: Source


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