World’s Largest Sovereign Wealth Fund Proposes Selling Part of Its US Treasury Holdings
Norges Bank Investment Management is also trimming euro area holdings while boosting its portfolio of Japanese government bonds.
TL;DR
- Norway's $2.3 trillion sovereign wealth fund proposes trimming global government bond holdings.
- The fund seeks to diversify risk exposure and bolster returns.
- Government bond holdings would decrease from 70 percent to 50 percent.
- U.S. Treasury holdings would decrease from 34.1 percent to 21.9 percent.