FILE PHOTO: A street sign is seen in front of the New York Stock Exchange on Wall Street in New York, February 10, 2009. REUTERS/Eric Thayer/File Photo
September 21, 2020
OSLO (Reuters) – Norway’s $1.15 trillion sovereign wealth fund should shift more assets into the United States and Canada, while cutting its holdings in Europe, the country’s minority government said on Monday.
The proposal to parliament follows an earlier recommendation by the Norwegian central bank, the fund’s manager, which could ultimately move more than $100 billion into U.S. stocks.
(Reporting by Terje Solsvik, editing by Gwladys Fouche)