Funds managing USD 670 billion react to Norway oil 'revolution'

Several institutional investing heads in the Nordics weigh in on the proposal from Norway's sovereign wealth fund to exit all oil and gas stocks.

Photo: ritzau/Vahid Salemi/AP

Asset management in the Nordic region is dominated by Norway's USD 1 trillion sovereign wealth fund, which last week said it wants to exit all its oil and gas stocks.

Bloomberg spoke with institutional investing heads in Sweden, Norway, Denmark and Finland who together help manage a total of USD 670 billion, to hear their reactions. Here’s what they said:

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