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 - EconoTimes)
According to the latest report from Norway's sovereign wealth fund (SWF), available here, https://www.nbim.no/en/transparency/reports/2016/2q-2016-quarterly-report/ , the government has withdrawn money from its enormous NOK7.3 trillion corpus. In the first quarter, the government withdrew for the first time in more than two decades and that NOK 21 billion. And again in the second quarter, it has withdrawn NOK24 billion. The government is expected to withdraw another NOK 40 billion by the end of this year.
The amount, that has been withdrawn so far ($5.5 billion), is very small compared to the fund size ($890 billion), but large enough to raise eyebrows in the financial market, especially if the trend persists.
Chart courtesy: Financial Times
You can see the story covered in detail in Financial Times, here, https://www.ft.com/content/2638845e-648b-11e6-8310-ecf0bddad227
