Oil Fund rules out high yield and emerging markets bonds

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NORWAY - The Government Pension Fund - Global, one of the largest pension funds in the world, has ruled out investing in high yield and emerging market bonds for the foreseeable future, a government reports indicates.

The US$329bn fund, also known as the Oil Fund, decided against investing in high yield bonds after the Norwegian Ministry of Finance and the fund's Strategy Council expressed concerns about the "un...

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