Norway's Sovereign Wealth Fund Hampered by Outflows

The transcript discusses the challenges faced by a sovereign wealth fund as it adjusts its strategy due to government withdrawals and negative interest rates. The fund is exploring new asset classes like real estate and infrastructure to boost returns. It faces governance challenges as it must reinvest in bonds with negative yields while maintaining a 4% return target. The fund is undergoing a strategic review to adapt to changing market conditions and aims to increase its real estate and stock portfolio while reducing its equity share.

What are the implications of the fund's need to maintain a 4% return target while facing withdrawals?

In what ways is the fund's approach to real estate and infrastructure changing?