Canadian funds like energy stocks despite potential rejection in Norway

From Canadian Press

The following text was excerpted from the media outlet cited on November 17, 2017 and is provided to Noia members for information purposes only. Any opinion expressed therein is neither attributable to nor endorsed by Noia.

CALGARY – Oil and gas investments may have soured for managers of the Norwegian sovereign wealth fund but two Canadian funds say they have plenty of room for such securities in their portfolios.

In a letter this week, Norway’s central bank urged the Norwegian government to consider divesting oil and gas company shares held in the US$1-trillion oil fund to avoid the risk of permanently lower commodity prices. It didn’t say why prices might fall.

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