UPDATE 3-Norway proposes new mix and spending cap for $900 bln oil fund
(WorldNews Norway)

OSLO, Feb 16 Norway`s $900-billion sovereign wealth fund, the world`s largest, should shift more of its investments into equities and away from bonds to counter the effects of ultra-low interest rates, the government said on Thursday. And in a major shift in policy, Norway`s minority right-wing government recommended cutting how much of the fund it is allowed to spend each year to 3 from 4 percent. ......