Norway’s $2.1 Trillion Fund Told to Prepare for More US Threats

Norway’s $2.1 trillion sovereign wealth fund has to raise its preparedness to handle growing geopolitical risks, a government-appointed advisory panel said.

There’s growing evidence of instruments such as tariffs, financial sanctions and trade controls being used to achieve geopolitical goals, a three-member panel of experts said in a report published Monday.

“The political risk to which the fund’s investments are exposed abroad is increasing,” the panel said, pointing out that the size and visibility of the fund further raises such risks. “The fund may ultimately be subject to increased taxation, regulatory intervention and even confiscation.”

The report comes after a ...