Norway Central Bank Bought BILLIONS in U.S. Stocks as Market Crashed in 2018!
Norway’s wealth fund which stands around $1 trillion in total lost a considerable amount last year as the stock markets fell, particularly in the 4th quarter. They decided to use this as an opportunity to buy even more equities, in an attempt to seek more profit long term. It seems as though they are doing what other central banks around the world are doing, supporting the U.S. stock market at all costs.
About us
https://www.nbim.no/en/organisation/about-us/
Norway's $1 Trillion Fund Loaded Up on Stocks Amid Rout - Bloomberg
https://www.bloomberg.com/news/articles/2019-02-27/norway-s-1-trillion-wealth-fund-loaded-up-on-stocks-end-of-2018
The oil fund bought shares during the downturn: - The market has been very uneasy - The Oil Fund - Stock Exchange and Finance - E24
https://e24.no/boers-og-finans/oljefondet/oljefondet-kjoepte-aksjer-under-nedturen-markedet-har-vaert-veldig-urolig/24570396
Holdings as at 31.12.2018
https://www.nbim.no/en/the-fund/holdings/holdings-as-at-31.12.2018/?fullsize=true
Equity purchases in a weak market
https://www.nbim.no/en/the-fund/news-list/2019/equity-purchases-in-a-weak-market/
Norway wealth fund shrugs off Brexit, plans rise in UK investments | Reuters
https://www.reuters.com/article/uk-norway-swf/norway-wealth-fund-shrugs-off-brexit-plans-rise-in-uk-investments-idUSKCN1QG1RO
Norway wealth fund picked up $22 billion of stocks during 2018 rout
https://www.cnbc.com/2019/02/27/norway-wealth-fund-picked-up-22-billion-of-stocks-during-2018-rout.html
Norway's $1 Trillion Wealth Fund Loaded Up on Stocks End of 2018 - BNN Bloomberg
https://www.bnnbloomberg.ca/norway-s-1-trillion-wealth-fund-loaded-up-on-stocks-end-of-2018-1.1220701
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