World´s largest sovereign wealth fund cuts investments in Brazil

Investments by Norway's sovereign fund have plummeted by several billion dollars in Brazil in the first half of last year, which coincided with market turbulence and growing pressure from foreign funds to protect the Amazon.

RIO DE JANEIRO, BRAZIL - Investments by Norway's sovereign wealth fund, the world's largest, have plummeted by several billion dollars in Brazil in the first half of the year, which coincided with market turbulence and growing pressure from foreign funds to protect the Amazon.

The US$1.15 trillion Norwegian fund, whose motions can influence other funds, had approximately US$9.6 billion invested in Brazil by December 2019, with US$7.6 billion in shares in 136 companies and US$2.0 billion in fixed income.

But investments in Brazilian shares, which represented 1% of the total invested . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?