Norway’s $1 trillion sovereign-wealth fund is set to slash its holdings of emerging-market bonds, a move closely watched by other investors given the fund’s massive size. After a year of consultation, the Ministry of Finance said Friday that major emerging markets would be removed from the fund’s fixed-income benchmark, which covers both corporate and government debt. Among the emerging markets removed from the index are Chile, Mexico, Russia, South Korea and Thailand.

Source: Wall Street Journal April 05, 2019 17:26 UTC