| Norway's $830 billion sovereign wealth fund has shrunk by more than five percent in the past month in a global stock market rout led by uncertainty over the health of China's economy, the fund's chief executive said. He said 2015 so far had been "rather special" with currency swings and falls in commodity prices including oil. "Now there's a lot happening in China, and that has big consequences for the whole world economy," he said.
He defended the fund's strategy of investing about 60 percent in equities, 35 in fixed income and five percent in real estate, saying the fund had to accept some risks and could not simply put its cash in a bank...............................................Full Article: Source
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