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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

World’s largest SWF awards Korean mandate

Posted on 02 November 2012

The world’s largest sovereign wealth fund, GPFG of Norway, has invested $300 million with Korean manager Truston AMC to invest in domestic equities. The $650 billion Government Pension Fund Global (GPFG), which is managed by the AM arm of Norway’s Norges Bank, is investing the entire sum into mid- and small-cap Korean stocks, it is understood.
This represents a major departure for GPFG, which has voiced its intention to diversify into Asia and emerging markets and out of indebted Europe, among other things, as it struggles to meet a 4% return target amid the low interest-rate environment and volatile equity markets………………………………………..Full Article: Source


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