OSLO, March 18 (Reuters) - The head of Norway's $2.1 trillion sovereign wealth fund, the world's largest, said on Wednesday fund officials were surprised about how markets are both resilient and
Norway Wealth Fund CEO: Global Markets Show Resilience and Complacency After Iran Crisis
Norway's Sovereign Wealth Fund Observes Market Trends Post-Iran Crisis
OSLO, March 18 (Reuters) - The head of Norway's $2.1 trillion sovereign wealth fund, the world's largest, said on Wednesday fund officials were surprised about how markets are both resilient and complacent at the same time in the wake of the war in Iran.
Fund Overview and Investment Strategy
The fund invests the revenues from the Norwegian state's oil and gas production abroad - into stocks, bonds, property and renewable projects.
The fund is invested in some 7,200 companies globally, owning on average 1.5% of all listed equities worldwide.
Market Performance and CEO Insights
"Markets are zero year-to-date, despite all the new types of risks ... Markets are very resilient and complacent, and we are a bit surprised about that," Nicolai Tangen told Reuters on the sidelines of a fund event.
"Markets just take everything in (their) stride and it continues to do what it has done over the last few years."
Inflationary Risks and Corporate Adaptation
He noted there was increased inflationary risk on the back of the Iran crisis but that overall companies had adapted better than expected.
"Companies are ... more resilient, they are more diversified in their supply chains, and they are acting quicker with cost structures, as you saw also with the imposing of tariffs last year," Tangen said.
(Reporting by Gwladys Fouche, editing by Terje Solsvik)
