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Norway could broaden oil fund to invest in new assets

29 Aug 2013

Norway’s $740bn oil fund Oljefondet could expand beyond its traditional remit of listed equities, bonds and property to in areas such as infrastructure and private equity.

According to Reuters, spokespersons for both opposition parties, the Conservatives and the Progress Party, said they would consider reforming the fund.

With elections due on 9 September, a coalition between the pair could be one outcome after eight years of a Labour government.

Potential reforms could see the fund split into smaller vehicles focusing on areas such as renewable energy and foreign aid, the report said.

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