14.06.2011 - Norway’s SWF bullish on Europe
Norway’s $570 billion sovereign wealth fund Norges Bank Investment Management is “very positive” about the long-term outlook for Europe despite fear over the growing debt crisis. The optimism, articulated by Norges Bank Investment Management’s CEO Yngve Slyngstad in an interview with the newspaper, was belied somewhat by the fund’s decision to shift more of its assets into emerging markets. European equity comprises half of the fund’s equity holdings and it recently announced plans to diversify by shifting capital away from the continent.............................................Full Article: Source
Print