| Norway's $800bn sovereign wealth fund should be allowed to increase exposure to “real assets” such as equities and infrastructure, and trim back on bonds to find a better balance between improving returns and hedging against risk, Øystein Olsen, the country’s central bank governor, suggested on Thursday.
In an interview with The Wall Street Journal, the chief of Norges Bank, which manages the giant fund - also known as the oil fund - said that cutting the vehicle’s bond exposure to between 20% and 25% of its holdings from 35% currently could be appropriate as this could enable the fund to “get markedly higher yields in the other asset classes”...............................................Full Article: Source
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