Norway drops LatAm bonds

Norway drops LatAm bonds

Funds Asset Management Bonds Debt Capital Markets Corporate & Sovereign Strategy Economy & Policy Fixed Income Regulation Chile Europe

Norway's sovereign wealth fund will get rid of government bonds from Chile and Mexico as part of a strategy to exclude emerging market notes from its fixed-income benchmark index. The central bank can still buy bonds from emerging markets with money from the fund, but only up to 5% of the $310bn fixed-income portfolio, the finance ministry said in a press release. The fund will also omit government bonds from the Czech Republic, Hungary, Israel, Malaysia, Poland, Russia, South Korea and Thailand

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