February 27, 2020 / 10:12 AM / a month ago

Norway wealth fund observing, not acting on, coronavirus situation -CEO

OSLO, Feb 27 (Reuters) - Norway’s sovereign wealth fund is so far only observing the development of the coronavirus and is not actively steering its investments to mitigate any impact it might have on its portfolio, the fund’s chief executive said on Thursday.

“This is a type of risk that is hard for us to analyse... we only observe what happens,” outgoing CEO Yngve Slyngstad told a news conference. (Reporting by Victoria Klesty; editing by Gwladys Fouche and Terje Solsvik)

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