Norway's Sovereign Fund Plans Major US Treasury Cuts

By EC Assets · Published 4 September 2026

Norway’s sovereign wealth fund has proposed a significant reduction in its U.S. Treasury holdings. The fund, which manages $2.4 trillion, aims to cut its exposure to government bonds. This strategic adjustment seeks to boost returns by increasing allocations to riskier debt instruments. The manager of Norway's sovereign wealth fund proposed reducing its Treasury holdings by approximately $80 billion. This proposed overhaul of its government bond portfolio could lead to a substantial change in its asset allocation. The fund is the world's largest sovereign wealth fund. The fund's proposal aims to boost overall returns. It involves shifting away from government bonds towards debt with higher risk profiles. The fund manages a total of $2.4 trillion in assets. This article is intended for informational purposes only. It does not constitute investment advice.