By Elisa Martinuzzi
DAVOS, Switzerland (Reuters) – The chief executive of Norway’s $1.8 trillion sovereign wealth fund, one of the world’s largest investors, said on Thursday that inflationary pressure in the United States posed a risk to financial markets this year.
Asked what were the biggest risks to markets in 2025, Nicolai Tangen said: “Inflationary pressure from what’s going on in the U.S. now.”
Another risk was sovereign debt levels globally, he added.
It is “whether you get to a point where investors think that government debt is generally too high across the world and they want a much higher coupon to finance governments,” he said during a Reuters NEXT Newsmaker interview at the World Economic Forum in Davos.
The fund holds stakes in close to 9,000 companies in more than 70 countries, representing 1.5% of the world’s listed equities and giving it an influential voice in global finance.
(Reporting by Elisa Martinuzzi in Davos; writing by Gwladys Fouche in Oslo, editing by Terje Solsvik)
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