11.11.2010 - Norway sovereign fund gets junk bond limit
From Pionline.com: Norway’s Government Pension Fund-Global, Oslo, will face a limit of 3% of all fixed-income assets on the fund’s investment in bonds rated below investment grade, effective Jan. 1, the Norwegian Ministry of Finance announced Wednesday. The ministry is implementing its first limit on junk bond investments at the 3.05 trillion Norwegian kroner ($524 billion) fund as a way to limit credit risk and to supplement the 1.5% tracking error limit in place on the fund’s entire portfolio, Anders Lande, spokesman, said in an e-mail response to questions..............................................Full Article: Source
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