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Sovereign Wealth Funds Briefing - Categorized | Trends

Norway’s $710 bln fund continues to exit Europe

Posted on 11 March 2013

Norway’s $710 billion sovereign wealth fund continued to shift away from Europe at the end of last year as the continent’s economies struggled, buying into key Asian and emerging markets instead, it said on Friday.
The fund, one of the world’s biggest investors, cut its European holdings to 48 percent by the end of the year from 53 percent a year earlier, shifting its portfolio to gain exposure to fast-developing markets where it sees the strength of the world’s economy in the years ahead………………………………………..Full Article: Source


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