Norway’s sovereign wealth fund, which owns more than 1 per cent of global stocks, is treating its $300 billion bond portfolio as a hedge for what it now essentially views as a stock fund.
“60 to 70 per cent in equities -- imagine it was 60 to 80 or 90 per cent -- the whole thing is that this fund is actually to a large extent now a public equity fund,” CEO Yngve Slyngstad told reporters in Oslo. “We don’t think about this as two separate asset classes that have their distinct dynami ..
