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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Despite massive U.S. holdings, Norway’s sovereign wealth fund is not changing its strategy after Trump’s win

Posted on 11 November 2016

Norway’s sovereign wealth fund has said it will not change its U.S. investment strategy following Donald Trump’s election win. The sovereign wealth fund’s investment returns depend to a large extent on the U.S. economy’s fortunes. Earlier this year, the world’s biggest wealth fund grew its positions in the U.S.; and the country now represents more than a third of the fund’s portfolio.
Governor Oeystein Olsen, the head of Norway’s central bank (which manages the fund), said in an interview with Reuters: “No, we don’t make that sort of connection. The oil fund is a long-term investor. Our perspective goes beyond eight years and we don’t have any particular view on how the outcome of the presidential election impacts the economy,”……………………………………..Full Article: Source


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