Norway's sovereign wealth fund cuts exposure in Europe
Oslo - RT
Government Pension Fund Global, Oslo, has announced plans to shift investments away from Europe. The $609 billion fund, Europe's biggest equity investor, will raise investments in emerging markets and Asia-Pacific. The fund previously held higher allocations to Europe because the country has “traditionally bought most of our goods and services from Europe,” Finance Minister Sigbjorn Johnsen said on Friday. Norges Bank Investment Management, which runs the pension fund's assets, recommended the changes.
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