Norway’s Fund Wants to Add Up to $100 Billion in U.S. Stocks

Norway’s wealth fund proposed overhauling its global holdings, calling for a shift away from Europe in a move that would allow it to boost its U.S. stock investments by as much $100 billion and take a larger chunk of the biggest technology companies.

In a letter sent to the Finance Ministry released on Tuesday, the $1 trillion fund recommended that its investments “be adjusted further towards float-adjusted market weights by increasing the weight of equities in North America and reducing the weight of equities in European developed markets.”

Source: https://www.bloomberg.com/news/articles/2019-08-26/norway-s-1-trillion-fund-weighs-pivotal-shift-to-u-s-stocks?utm_content=markets&utm_source=twitter&cmpid%3D=socialflow-twitter-markets&utm_campaign=socialflow-organic&utm_medium=social&fbclid=IwAR3eAuTUCDuLhVhKanAThPHqX607GpwsDGWi4lgZbHa6u56TbwWMzPoxSyU