Biggest Wealth Fund Faces Verdict on Proposal to Dump Currencies
- Norway’s $1 trillion fund has proposed changes to bond index
- Norway government to issue annual white paper on wealth fund
This article is for subscribers only.
Currency and bond traders better be on their toes on Friday.
After a long deliberation, Norway’s government could decide to allow the country’s $1 trillion sovereign wealth fund to dump a wide swath of currencies, including the yen and most emerging markets. The government may also free the fund to venture into unlisted infrastructure and point to tighter restrictions on coal investments.