The Amazon.com logo and stock price information is seen on screens at the Nasdaq Market Site in New York City, New York, U.S., September 4, 2018. REUTERS/Mike Segar
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Norway's wealth fund proposed overhauling its global holdings, calling for a shift away from Europe in a move that would allow it to boost its U.S. stock investments by as much as $100 billion and take a larger chunk of the biggest technology companies.The fund is overweight Europe to better match Norway's trade flows, but this has been questioned since it has missed out on the bigger returns in U.S. markets.U.S. stocks are already the fund's biggest holdings, with $245 billion at the end of 2018 .The biggest reduction would come in U.K. stocks, where the share would be cut to about 5 percent from 9 percent now.
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