Norway’s wealth fund vows to stick to U.K. "no matter what"

The man managing Norway’s USD 1trn wealth fund is looking beyond the current political turmoil, vowing to invest in the U.K. “no matter what” and planning to plow another USD 100bn into the U.S. stock markets.

“What we’ve said for three years now is that we are a long-term investor in Great Britain no matter what the outcome,” Yngve Slyngstad, | Photo: Scanpix Norway/Reuters/Ritzau Scanpix/REUTERS / X02351

The fund has so far taken a sanguine approach to turmoil stemming from Brexit, even adding to its London real estate holdings in the immediate aftermath of the 2016 vote.

It has repeatedly argued that the U.K. will remain a European economic power regardless of the outcome of Brexit.

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