March 26, 2020 / 10:47 AM / 3 months ago

Norway wealth fund will bump stock portfolio back up to 70%, outgoing CEO says

OSLO (Reuters) - Norway’s sovereign wealth fund will raise its stock market investments back to 70% of its portfolio from the current 65.3%, outgoing Chief Executive Yngve Slyngstad told a news conference on Thursday.

He declined to say when stocks would be back at 70%, or to comment on whether any stock purchases had taken place during the recent market crash.

Reporting by Terje Solsvik, editing by Gwladys Fouche

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