Norway's Global Pension Fund to reduce Europe exposure

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NORWAY - Norway's Government Pension Fund Global should reduce its weighting to Europe and will consider changes to its fixed income portfolio, finance minister Sigbjorn Johnsen said in a report to parliament today.

In his annual report on the management of the $525bn sovereign wealth fund, Johnsen (pictured) said the fund should reduce its overall allocation to Europe in favour of other international markets,...

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