Norway's sovereign wealth fund liquidation reports spark panic

News reports that Norway’s sovereign wealth fund (SWF) is planning to liquidate its holdings to make up for the shortfall in government revenues because of the oil price slump sparked panic among domestic investors. 

The oil-rich country operates the world’s largest SWF, with assets of nearly $1 trillion. With oil prices dropping more than 60 per cent this year, the country is undergoing one of its worst economic slowdowns, prompting it to withdraw from the fund, said a Bloomberg report. 

Norway’s Government Pension Fund Global is a big investor in the Indian markets with assets of nearly $10 billion. According to an