Norway's $1t wealth fund now presents itself as equity investor

Norway's $1t wealth fund now presents itself as equity investor

Yngve Slyngstad, chief executive officer of Norges Bank Investment Fund, arrives for a news conference in Oslo, Norway. Photographer: Krister Soerboe/Bloomberg

Norway’s sovereign wealth fund, which owns more than 1 percent of global stocks, is treating its $300 billion bond portfolio as a hedge for what it now essentially views as a stock fund.

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