Nearly a month ago, the Norwegian government decided to set up a sovereign wealth fund of NOK 50 billion (EUR 4.46 billion) to help Norwegian companies struggling to deal with the effects of the Covid-19 outbreak. Already less than two weeks later, the fund made its first investments, reports investor media Ipe.
Norwegian state asset management company Folketrygdfondet was assigned the task in mid-March, reprising the bond fund which helped Norway cope with the 2008 financial crisis.
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