How Spain is affected by the change in Norway's fund portfolio
El gigantesco inversor escandinavo no solo va a vender deuda estadounidense. Leer
Norges Bank Investment Management (NBIM), which manages Norway's sovereign wealth fund, is adjusting its investment strategy, reducing the share of government debt in its fixed-income portfolio from 70% to 50%. This will lead to the sale of around €100 billion in bonds, including around €62 billion in US Treasury bonds and €14 billion in eurozone government debt.
In Spain, NBIM will likely sell over €1 billion in Treasury bonds, but plans to buy around €800 million in Spanish corporate bonds. The fund currently has €2 trillion in assets, including €16.6 billion in Spanish stocks.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
