Norway eyes $100bn US tech stock spree in further shift from Europe

Norway’s €900bn sovereign wealth fund has proposed overhauling how its holdings are placed across the globe, calling for a shift away from Europe.

Norway eyes $100bn US tech stock spree in further shift from Europe
Wed, 28 Aug, 2019 - 07:30
Bloomberg

By Sveinung Sleire and Mikael Holter

Norway’s €900bn sovereign wealth fund has proposed overhauling how its holdings are placed across the globe, calling for a shift away from Europe. The move would allow it to boost its US holdings by as much $100bn (€90bn) and take a larger chunk of the biggest technology companies.

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CourtsPlace: USPlace: EuropePlace: NorwayPlace: North AmericaPlace: AsiaPlace: OceaniaPlace: UKPerson: Sveinung SleirePerson: Mikael HolterPerson: Siv JensenOrganisation: NorwayOrganisation: MicrosoftOrganisation: AppleOrganisation: AmazonOrganisation: GPFGOrganisation: Norway’s governmentOrganisation: Bloomberg
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