Norway to Present Ideas for Future Management of Sovereign Wealth Fund This Month

Norway to Present Ideas for Future Management of Sovereign Wealth Fund This Month
Norwegian Statoil gas processing and CO2 removal platform Sleipner T near Stavanger, Norway, on Feb. 11, 2016. REUTERS/Nerijus Adomaitis//File Photo
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OSLO—Norway’s government will later this month propose how its $1 trillion sovereign wealth fund should be run in decades to come after a state-appointed body recommended the fund be managed independently.

The fund funnels the government revenues from Norway’s oil and gas production and invests what the government is not using in its fiscal budget in stocks, bonds, and property abroad.