The sovereign wealth fund of Norway intends to reduce the United States debt by about $80 billion

On 4 September, according to the British Financial Times, the sovereign wealth fund management agency of Norway, amounting to $2.3 trillion, proposed to adjust the government bond portfolio to seek to increase returns by allocating other types of debt assets. The Investment Management Corporation of the Central Bank of Norway wrote to the Norwegian Ministry of Finance on Tuesday to recommend that the weight of government debt in the Fund ' s benchmark bond index be reduced from 70 per cent to 50 per cent. It is estimated that this adjustment will reduce the Fund ' s global government bond allocation by approximately $106 billion, most of which will come from United States Treasury debt. Currently, just under 26 per cent of the Fund ' s total assets are allocated to fixed-income assets. The Investment Management Corporation of the Norwegian Central Bank proposed to reduce the Fund ' s exposure to United States Treasury debt by 12.2 percentage points, while increasing the share of United States fixed-income assets held by the non-governmental sector by 11.4 percentage points, which is estimated to reduce the Fund ' s allocation to United States Treasury debt by nearly $80 billion. In addition, the Fund ' s allocation to British Treasury will remain unchanged, while the allocation to Japanese national debt will increase by 2.8 percentage points. Kim Xian