OSLO, Oct 28 (Reuters) – Norway’s $1.15 trillion sovereign wealth fund stays invested in British bonds though the nation’s gilts are prone to be comparatively unstable going ahead, the fund’s deputy CEO instructed Reuters on Friday.
“It is a difficult time for the UK, so in lots of ways in which hasn’t actually modified,” deputy CEO Trond Grande mentioned.
“I believe we simply ought to count on there may very well be the next volatility within the UK gilts than in a few of the different massive markets.”
The British pound was the fund’s fourth greatest mounted revenue funding by the top of 2021.
Reporting by Victoria Klesty, enhancing by Terje Solsvik
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