The Norwegian pension fund - which manages the income derived from extraction of oil and gas and is the second largest in the world with USD450bn under management after the one in Abu Dhabi - today announced it has bought government bonds from Greece, Spain, Portugal and Italy. In particular, it went against the current choice to buy securities Greeks. Considering the difficulties of the country (Eurostat said recently had not received important documents on the public debt) and the increased ability of the Norwegian fund compared to most retail investors to absorb losses, to follow the example of the fund seems particularly risky in spite of its very positive track record over the years .
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