Norwegian pension funds have generally avoided Russian asset difficulties, says industry association
Although the Norwegian oil fund’s Russian assets have dropped in value to almost zero since the invasion of Ukraine, occupational pension funds in Norway had marginal exposure to the country, an industry association representative tells IPE.
By AMWatch Editorial Team
Pension companies across the Nordics have been struggling to deal with the assets they manage in Russia since it invaded Ukraine at the end of February. However, IPE reports that occupational pension companies in Norway have largely avoided the issue due to limited exposure.
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