US EditionNorway wealth fund may invest in top defence firms after 21-year ban
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8 Articles
Norway wealth fund may invest in top defence firms after 21-year ban
Unnerved by the Ukraine war and U.S. President Donald Trump's whiplash statements on defending Europe, Norway could allow its $2.1 trillion sovereign wealth fund, the world's largest, to invest in major defence companies from 2027 after a more than 20-year hiatus.
Amid Russia’s war in Ukraine, the world’s largest sovereign wealth fund is planning to begin investing in defense companies after a long ban.
Norway, worried about the Russia-Ukraine conflict and US President Trump’s tough remarks about defending Europe, might allow its $2.1T sovereign wealth fund, the largest in the world, to invest in major defense firms beginning in 2027 following more than 20 years of prohibition. This move would enable the fund to buy stakes in 14 defense companies with a combined market value of around $1T, which it currently cannot invest in because they manufa…
Concern over Ukraine's war and the U.S. President's erratic statements on the defense of Europe, Norway could allow its sovereign fund of $2.1 trillion, the world's largest, to invest in major defense companies from 2027 onwards, after a pause of more than 20 years.This measure would allow the fund to acquire shares in 14 defence companies with a combined market capitalization of $1 trillion, in which it is currently unable to invest according t…
Norway has suspended ethics rules that limit what stocks its sovereign wealth fund can hold, amid concerns that the forced sale of a stake in heavy equipment maker Caterpillar would lead to a move into technology stocks.
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