Wed, Nov 26, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

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


 Article link

This post was written by:

VRS - who has written 15264 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
November 2014
M T W T F S S
« Oct    
 12
3456789
10111213141516
17181920212223
24252627282930