Norway 's $ 1tn Government Pension Fund has stunned experts by advising its government to concentrate all debt payments on the dollar , euro and Japanese , cutting out the likes of Canada , Australia and China . The shift in strategy came as the vast Norwegian fund – now known as the Government Pension Fund – said it is stepping up its expansion into London commercial property, buying a £112m stake in 20 Air Street in Soho from Crown Estate. The fund has also ramped up its acquisitions of London property , most recently with the £ 112 m ( $ 145 m ) purchase of Air Street in Soho . While the fund has not revealed its exact reasons for adopting the three Western currencies , it is thought Norway 's growing economy and fears of a crisis in the government bond market prompted the move .
Norway 's $ 1tn Government Pension Fund has stunned experts by advising its government to concentrate all debt payments on the dollar , euro and Japanese , cutting out the likes of Canada , Australia and China . The fund has also ramped up its acquisitions of London property , most recently with the £ 112 m ( $ 145 m ) purchase of Air Street in Soho . While the fund has not revealed its exact reasons for adopting the three Western currencies , it is thought Norway 's growing economy and fears of a crisis in the government bond market prompted the move .