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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Norway fund to invest $2 bn in Indian stocks

Posted on 22 October 2008

From Business-standard.com: Even as foreign institutional investors rapidly pull out their money from Dalal Street, Norway’s sovereign wealth fund, the world’s second largest, is set to invest $2 billion in Indian stocks. The Norwegian Pension Fund, which has assets of $350 billion, is the world’s largest sovereign wealth fund after only the Abu Dhabi Investment Authority, credited with assets of over $875 billion.

The Bombay Stock Exchange’s benchmark Sensex has been in a free fall this year, dipping below 10,000 last week, but the Norwegian government said the investments by the Government Pension Fund would take place between this month and January 2009….. Full Article: Source


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