Norway's $2tn sovereign wealth fund, the world's largest, will maintain its substantial US investments despite growing concerns about American debt and geopolitical tensions. Finance minister Jens Stoltenberg confirmed the fund has no plans to reduce exposure, pushing back against parliamentary suggestions of overconcentration in increasingly volatile US markets.

The fund, built on Norway's oil wealth, keeps more than half its assets in the United States - a reflection of the country's dominant role in global capital markets. This stance contrasts with other institutional investors like Denmark's AkademikerPension, which has sold all Treasury holdings citing fiscal risks amid rising geopolitical tensions and America's excess debt burden.

Stoltenberg acknowledged multiple economic concerns including Middle East war consequences, historic government debt levels, persistent inflation, and potential stock market overvaluation. Despite these challenges, he emphasized the unavoidable reality that America's market dominance makes substantial exposure inevitable for major global funds, particularly given Russia's nuclear capabilities targeting US cities rather than Oslo.