Norway’s Oil Fund Snaps Up Greek, Spanish Debt in Yield Hunt

Norway’s sovereign wealth fund, the world’s second largest, snapped up bonds from debt-ridden southern European countries to tap into higher yields.

“We have actually increased our exposure,” said Yngve Slyngstad, the head of Norges Bank Investment Management -- the central bank’s asset management arm -- in an interview in Oslo today. “You have a situation now where, even though the situation is difficult and will continue to be difficult, you get compensated with regards to the yields you are getting.”