BLOOMBERG.COM
Norway’s $860 billion wealth fund recommended it add about $130 billion in stocks and sell off bonds as it presented a bleak view on the returns from its investments across the globe in the decades to come.
Norway’s $860 billion wealth fund recommended it add about $130 billion in stocks and sell off bonds as it presented a bleak view on the returns from its investments across the globe in the decades to come.
The central bank’s board, which oversees the fund, on Thursday recommended an increase in the equity share to 75 percent from 60 percent. That will raise the expected average annual real return to 2.5 percent over 10 years and to 3.5 percent over 30 years, compared with 2.1 percent and 2.6 percent, respectively, under the current setup.
Read more>
Read more>