Over the Summer, Norway SWF Experienced a Decrease in Total Holdings of Emerging Market Debt
Posted on 11/03/2019
Between June 30, 2019 to September 30, 2019, Norway Government Pension Fund Global (GFPG) increased its government bond holdings in U.S., French, and Japanese bonds. The largest decreases in government bond holdings for the same period were from Germany, Brazil, and Spain.
These third quarter 2019 figures include a drop in the market value of investments in bonds denominated in emerging-market currencies, which fell from 7.9% to 7.7% of total fixed-income investments.
