挪威主权财富基金拟削减美债持仓约800亿美元

The Norwegian sovereign wealth fund, with assets of $2.3 trillion, has proposed adjustments to its government bond portfolio in a bid to boost returns by allocating to other types of debt assets, according to the Financial Times. In a letter to the Norwegian Ministry of Finance on Tuesday, Norges Bank Investment Management recommended reducing the weight of government debt in the fund's benchmark bond index from 70% to 50%. This adjustment is estimated to cut the fund's global government bond allocation by approximately $106 billion, with the majority of the reduction coming from U.S. Treasuries.

Currently, slightly less than 26% of the fund's total assets are allocated to fixed-income instruments. Norges Bank Investment Management has proposed lowering the fund's exposure to U.S. Treasuries by 12.2 percentage points, while raising its holdings of non-government U.S. fixed-income assets by 11.4 percentage points. This shift is estimated to reduce the fund's allocation to U.S. Treasuries by nearly $80 billion. Meanwhile, the fund's allocation to U.K. gilts would remain unchanged, while its allocation to Japanese government bonds would increase by 2.8 percentage points. (Jinshi)