Norway's $2.2 Trillion Wealth Fund Manager Avoids Stock Picking Amid Market Uncertainty

Nicolai Tangen, CEO of Norway's $2.2 trillion sovereign wealth fund, stated that the current market is too volatile for individual stock picking, preferring index funds instead. The fund, managed by NBIM, avoids direct stock selection due to uncertainty around AI and technology's impact on markets. The fund's strategy is influenced by geopolitical tensions and macroeconomic conditions.

By Chloe Taylor · CNBC · April 28, 2026, 11:09 UTC

Topics: Geopolitical Risk Index Funds Investment Strategy Market Volatility Sovereign Wealth Fund

Read the full article at CNBC

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