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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Norway SWF bulks up on FTSE 100 companies

Posted on 18 July 2012

Yngve SlyngstadNorway’s sovereign wealth fund has been buying up holdings in FTSE 100 companies, continuing its liquid-led investment strategy. Norway has become the largest sovereign shareholder in FTSE 100 companies after amassing $30.7 billion (£25 billion) of holdings.
The fund’s purchase makes it the largest state investor in the UK’s blue-chip index and the third largest overall, according to the newspaper’s investigation. The stakes include luxury brand Burberry, UK retailer Marks & Spencer, insurer Prudential, property investor British Land, and Rolls-Royce. The stakes are operated through Norges Bank Investment Management (NBIM), which manages the Norwegian oil-revenue fund………………………………………..Full Article: Source


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