| Norway's Finance Ministry has said that its sovereign wealth fund -- the Government Pension Fund Global (GPFG) -- should gradually lower its exposure to European markets while upping its allocation to emerging markets.
In an annual report on the management of Norway's sovereign wealth fund presented to the Norwegian Parliament, the government stated: "The global production capacity and financial markets are increasingly located in other parts of the world, also in emerging markets. Over time, the relative allocation to Europe should therefore be reduced, and allocations to the rest of the world similarly increased.".............................................Full Article: Source
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