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The world’s largest sovereign wealth fund, Norway’s
US$1-trillion Government Pension Fund Global, recommended on
Thursday the removal of oil and gas stocks—US$35 billion worth of
shares—from the fund’s equity benchmark index to make Norway’s
wealth and economy less vulnerable to a permanent drop in oil and
gas prices. “This advice is based exclusively on financial
arguments and analyses of the government’s total oil and gas
exposure and does not reflect any particular view of future
movements in oil…
US$1-trillion Government Pension Fund Global, recommended on
Thursday the removal of oil and gas stocks—US$35 billion worth of
shares—from the fund’s equity benchmark index to make Norway’s
wealth and economy less vulnerable to a permanent drop in oil and
gas prices. “This advice is based exclusively on financial
arguments and analyses of the government’s total oil and gas
exposure and does not reflect any particular view of future
movements in oil…
The world’s largest sovereign wealth fund, Norway’s
US$1-trillion Government Pension Fund Global, recommended on
Thursday the removal of oil and gas stocks—US$35 billion worth of
shares—from the fund’s equity benchmark index to make Norway’s
wealth and economy less vulnerable to a permanent drop in oil and
gas prices. “This advice is based exclusively on financial
arguments and analyses of the government’s total oil and gas
exposure and does not reflect any particular view of future
movements in oil…
US$1-trillion Government Pension Fund Global, recommended on
Thursday the removal of oil and gas stocks—US$35 billion worth of
shares—from the fund’s equity benchmark index to make Norway’s
wealth and economy less vulnerable to a permanent drop in oil and
gas prices. “This advice is based exclusively on financial
arguments and analyses of the government’s total oil and gas
exposure and does not reflect any particular view of future
movements in oil…