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 was one of the biggest risks to financial markets this year.

The boss of the $1.8 trillion wealth fund told investors to take a contrarian approach, even if it leads others to questioning your sanity.

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Nicolai Tangen, CEO of Norway's sovereign wealth fund, warns that inflation in the United States poses a risk to financial markets. He also highlights global sovereign debt levels as a concern, suggesting investors may soon demand more to finance governments.

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The oil fund, as it is known at home, is the world’s biggest single owner of public equities, with shares in almost 9,000 companies globally. It was established in the 1990s to invest Norway’s petroleum wealth and is largely an index-tracker, working according to a strict mandate from the country’s Finance Ministry.

A speech by the U.N. chief, economic growth potential in places like China and Russia, the challenges of artificial intelligence and leaders from Spain to Malaysia are set to headline the agenda at the World Economic Forum’s annual event in Davos.

Switzerland's Economy Minister Federal Councillor Guy Parmelin, from left, Thailand's Minister of Commerce Pichai Naripthaphan, Norway's Minister of Trade and Industry Cecilie Myrseth, Prime Minister of Thailand Paetongtarn Shinawatra,

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.

By the end of last year, 866 qualified foreign institutional investors (QFII) obtained investment qualification in the A-share market. Foreign investors held about 3 trillion yuan ($410 billion) of A shares via QFII and stock connect programs, serving as an important source of capital inflow into the Chinese stock market, Wu said.

President Donald Trump has issued a “full and unconditional pardon” to Washington, DC, police lieutenant Andrew Zabavsky and officer Terence Sutton for their roles in the death of 20-year-old Karon Hylton-Brown, a case that drew protests on the heels of the murder of George Floyd.