Norway oil fund manager proposes cutting US Treasury holdings
By The BriefBrief
The manager of Norway’s $2tn oil fund has proposed overhauling the fund’s bond portfolio by sharply reducing its holdings of US Treasuries. The suggested changes are aimed at boosting returns, with the plan submitted to the Ministry of Finance.
WHO:Manager of Norway’s $2tn oil fund
WHAT:Proposed slashing US Treasury holdings as part of an overhaul of the fund’s bond positions
WHEN:Reported Sep 4, 2026 at 12:00 AM ET
WHERE:Norway
WHY:Cause not yet established.
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