April 9, 2019 |
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 Thaila
Sovereign wealth fund excludes Chilean and Mexican notes from its benchmark index