Norway wealth fund slightly cautious on equities, tech companies
SPY•Norway’s sovereign wealth fund has been somewhat cautious on equities and some large technology companies, leaving it slightly underweight in some of those names for quite a while, Deputy Chief Executive Trond Grande said.
1. Cautious equity positioning
The fund has been a little cautious on the equity market overall and on some of the larger technology companies, Grande said. He said it was slightly underweight in some of those companies “for quite a while” and was happy with its current structure, while adding that “nothing is carved in stone.”
