Norges Bank recommends higher equity share for oil fund

Fund needs to respond to new investment environment, central bank says

Offshore oil rig
Norway's North Sea oil revenues have fallen

Norges Bank recommended the ministry of finance approve a higher equity share for the country's sovereign wealth fund today (December 1), amid a changing investment environment.

Earlier in 2016, the government asked Norges Bank to study whether the relationship between expected risk and return for bonds and equities had changed since the last evaluation, in 2006.

Over the course of the year, the central bank's research concluded that returns have been suffering and will likely decline further as

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