April 10, 2018 / 10:00 AM / a year ago

Norway's wealth fund should not expand to unlisted firms -government

OSLO, April 10 (Reuters) - Norway’s $1 trillion sovereign wealth fund, the world’s largest, should not be given a general permission to invest in unlisted companies, the Nordic country’s finance ministry said in recommendations to parliament on Tuesday.

The fund invests Norway’s oil and gas revenues into stocks, bonds and property abroad. The fund is one of the world’s biggest shareholders, with stakes totalling 1.4 percent of all listed companies. (Reporting by Gwladys Fouche, writing by Terje Solsvik, editing by Ole Petter Skonnord)

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