Folketrygdfondet to allocate more capital outside of Norway

Norway's 2022 national budget report suggests that the domestic pension fund will invest significantly more of its resources in the Nordics.

The Norwegian parliament discusses the 2022 state budget proposal. | Photo: Stian Lysberg Solum/NTB/Ritzau Scanpix

Norway's domestic state pension fund, otherwise known as Folketrygdfondet, has so far had a mandate to invest 15 percent of its capital outside of Norway and Iceland.

Now, however, the 2022 Norwegian national budget proposal states that this should be increased to 20-23 percent.

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