44 days ago • Posted by William Ramstein

Norwegian sovereign wealth fund swaps Saudi for Qatari stocks:

The fund's exposure to the Middle Eastern shares has changed drastically in a swap between the two gasoline titans. Looking at the number of shares in 2015 the fund had 80M shares of Qatari stocks versus 390M Saudi ones. Today, we see 582M Qatari stocks versus 194M Saudi. This is a large dip considering 1B Saudi shares owned in 2018. Source: Bloomberg