Norway sovereign wealth fund will not cut US assets

Norway's $2.1 trillion sovereign wealth fund, the largest of its kind globally, does not intend to reduce its holdings in the United States despite ongoing geopolitical tensions and rising American debt levels. Finance Minister Jens Stoltenberg confirmed the fund's position, noting that the investment strategy remains stable despite external pressures.

During a recent discussion with the Financial Times, Stoltenberg addressed speculation regarding a potential retreat from U.S. markets.

"There have been some questions (about) should we reduce? Thats a political decision."

He added that he does not foresee any significant changes to the fund's current allocation strategy.

At a separate event in Washington, Stoltenberg reiterated that the fund plans to maintain its role as a major investor in American companies. Currently, approximately half of the fund's total assets are invested in the U.S., a decision driven by the dynamism of the American stock market and its reflection of the country's economic strength.

These comments come at a time of significant global uncertainty, particularly as the conflict between Israel and Iran continues to impact international markets. The instability has led to fluctuations in the price of Brent Crude Oil and created broader economic disruptions worldwide.

The fund's relationship with U.S. authorities has faced previous challenges, notably last year when it divested from CATERPILLAR INC. The decision was linked to the company's provision of equipment used in Gaza and the West Bank. Stoltenberg emphasized that while the fund follows specific ethical guidelines, it aims to avoid the politicization of individual investment decisions, ensuring that its framework is clearly understood by international partners.