Global mulls 60% equities allocation

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NORWAY - The head of the NOK1.5trn (€180bn) Norwegian Government Pension Fund (Global) has cautioned against excessive investment risk, after proposals were made to increase the fund's equity allocation to 60% of the portfolio.

A council of independent experts appointed by the ministry of finance proposed increasing Global's equity allocation, but Knut Kjær, executive director, said: "This is a demanding decision for t...

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