The Trader 

Market Outlook: Norway to dump oil

The Trader

Norway’s trillion-dollar sovereign wealth fund said yesterday that it plans to start selling up to $35 billion of the oil and gas shares it currently holds.  Some suggest it is to brush up on its green credentials, others that it is a hedge against falling crude oil prices.  But if you think about it, if one’s income stems from fossil fuels is it not putting all your eggs in one basket if you then plough your cash back into the same industry group.  Remember: Enron staff were encouraged to park their pension savings in Enron shares.  

To continue reading, register today

to enjoy limited access to the following:

  • Daily trading news
  • Funds coverage
  • Features on big investment themes
  • Comprehensive companies coverage
  • Economic analysis
Register
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now