Norway’s sovereign fund proposes sharp US Treasury cuts to boost returns
Norway’s sovereign wealth fund manager, Norges Bank Investment Management, has proposed significantly reducing exposure to U.S. Treasuries as part of a broader bond-investment overhaul aimed at improving returns.
By Iain Withers and Tommy Reggiori WilkesThe manager of Norway's $2.3 trillion sovereign wealth fund has proposed significantly cutting its exposure to U.S.
Treasuries as part of a wider shake-up of its bond investments to improve returns, according to a letter published this week.Norges Bank Inves…