Norway Wealth Fund Trims UK Holdings, Keeps Overall Exposure

Norway’s $2 trillion sovereign wealth fund is selling off shares in some UK companies as it works to reduce the number of individual holdings in line with its strategy.

Total exposure to the UK in terms of value remains unchanged, a spokesperson for Norges Bank Investment Management said in an email on Monday. The move was first reported by Sky News, saying the fund is selling off its small- and mid-cap stocks.