Norway to World: We're Sitting Out the Big Wealth Fund Selloff
- Crude plunge forcing commodity-rich countries to sell assets
- Nordic nation's wealth fund has cash flow for strategic shifts
Oslo.
Photographer: Cornelius Poppe/AFP via Getty ImagesThis article is for subscribers only.
The world’s biggest wealth fund won’t be joining its counterparts in a selloff that’s hurting already depressed markets.
In fact, officials who supervise the $780 billion fund haven’t even discussed the possibility of shifting strategy, according to Egil Matsen, who this week started as the new deputy central bank governor in charge of oversight of the investor.