World’s biggest wealth fund set to raise U.S. stock exposure

Norway wants its sovereign wealth fund to increase its exposure to North American stocks, which have outpaced European equities this year.
Photo: WIN MCNAMEE/AFP / GETTY IMAGES NORTH AMERICA
Photo: WIN MCNAMEE/AFP / GETTY IMAGES NORTH AMERICA
By Lars Erik Taraldsen and Mikael Holter

"The changes we are proposing will ensure the investments better represent the distribution of value creation in listed companies globally," Finance Minister Jan Tore Sanner said in an annual white paper on how the world’s biggest sovereign investor should be managed.

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