Norway’s $2.3 Trillion Sovereign Wealth Fund Plans Major Cut to US Treasuries
Norway’s massive sovereign wealth fund is proposing a major reduction in its holdings of U.S. Treasury bonds, potentially cutting its exposure by nearly $80 billion. The fund, managed by Norges Bank Investment Management (NBIM), is the world’s largest sovereign wealth fund, with assets of roughly $2.3 trillion. NBIM has recommended reducing the share of government…
