Norway’s $1tn oil fund loads up on equities | Financial Times

Norway’s $1tn oil fund loads up on equities | Financial Times:

Norway’s $1tn oil fund held a record amount of equities at the end of June, raising fears that the world’s largest sovereign wealth investor could have loaded up on shares again at the top of the cycle.

The oil fund said on Wednesday that it now had 69.3 per cent of its assets in equities, up from 66.3 per cent at the end of 2018.

The fund — which on average owns 1.4 per cent of every listed company worldwide — previously increased its exposure to equities in 1998 and 2007, just before market crashes.