Norway Wealth Fund Isn't Joining Global Stock Selloff, CEO Says
- Fund had return of 2.7% in 2015, worst performance since 2011
- CEO says investment income will cover government withdrawals
Norway Wealth Fund Had Return of 2.7% in 2015
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Norway’s sovereign wealth fund, the world’s biggest, hasn’t been part of a global selloff in stocks this quarter, according to its chief executive officer, Yngve Slyngstad.
“We have not been participating in the selling, and we don’t foresee” that a change of strategy will be necessary, Slyngstad said at a presentation of the fund’s 2015 results on Wednesday in Oslo.