Norway proposes new mix and spending cap for $900bn oil fundStaff Writer | February 17, 2017
Norway's $900-billion sovereign wealth fund, the world's largest, should shift more of its investments into equities and away from bonds.
Investment The Norwegian fund has diversified its investments
Norwegians have built up the fund from oil revenues and it is regarded as an insurance policy for when oil and gas reserves run out.
Its value is the equivalent of $171,000 for every Norwegian man, woman and child.
In recent years, the fund has diversified its investments away from Europe, and into the United States and Asia, and begun investing in real estate, raising its risk appetite in an attempt to increase long-term returns.
Changing the country's fiscal spending rule, in place since 2001, is a major policy departure. ■