Nordic Business Insider (November 17)
2017/ 11/ 19 by jd in Global News
“Norway’s $1 trillion pension fund wants to ditch all oil and gas stocks.” The irony of the proposed move is that the Government Pension Fund of Norway has become the world’s largest sovereign wealth fund by investing Norway’s oil and gas revenue. The move is not being proposed as a bet against petroleum, but rather to mitigate risk through diversification. “The fund’s exposure to fossil fuel markets is currently double that of a standard global fund.”
Tags: Diversification, Fossil fuel markets, Gas, Norway, Oil, Pension fund, Risk, Sovereign wealth, Stocks
