08/03/2019at 13:50

Norwegian sovereign wealth fund jettisons oil companies

Norway's government has decided to remove oil companies from the country's sovereign wealth fund, the world's largest investment fund. This is being done to reduce an overall oil price exposure to the national economy, says finance minister Siv Jensen.

by TRINE VESTERGAARD

The Norwegian government is now acting to mitigate economic risk from a volatile oil price by removing numerous oil companies from the country's sovereign wealth fund, the world's largest investment fund, says the government in a press release Friday.

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