At the end of December 2018 and throughout the past two months, Norway’s Sovereign Wealth Fund has continuously bought the Dow Jones dip, acquiring $22 billion in equities in companies like Apple, Microsoft, and Alphabet as share prices cratered. Although the $1 trillion fund of Norway recorded its first official loss in 8 years, the fund aggressively built up its portfolio dominated by stocks, which make up over 66.3 percent or $663 billion. Why Did it Buy the Dow Jones Dip? According to Bloomberg, Yngve Slyngstad, the CEO of Norway’s Sovereign Wealth Fund, acknowledged that the sentiment in the global
The post Norway’s $1 Trillion Sovereign Wealth Fund Bought the Dow Jones Dip appeared first on CCN
source https://www.ccn.com/1-trillion-norway-fund-bought-dow-jones-dip
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