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Norway’s $1 Trillion Sovereign Wealth Fund Bought the Dow Jones Dip

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At the end of December 2018 and throughout the past two months, Norway’s Sovereign Wealth Fund has continuously bought the Dow Jones dip, acquiring $22 billion in equities in companies like Apple, Microsoft, and Alphabet as share prices cratered. Although the $1 trillion fund of Norway recorded its first official loss in 8 years, the fund aggressively built up its portfolio dominated by stocks, which make up over 66.3 percent or $663 billion. Why Did it Buy the Dow Jones Dip? According to Bloomberg, Yngve Slyngstad, the CEO of Norway’s Sovereign Wealth Fund, acknowledged that the sentiment in the global

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* First published on ccn.com

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