Norway's $1 Trillion Fund Says It Likes Volatility
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Norway’s sovereign wealth fund says a spike in volatility may well help it with a plan to add almost $40 billion in stocks.
As the $1 trillion Oslo-based fund works its way toward a long-term allocation target of 70 percent in equities, “increased volatility is as much of an opportunity as a challenge,” Yngve Slyngstad, the chief executive officer of Norges Bank Investment Management, which runs the fund, said in an interview with Bloomberg TV.