Thu, Apr 17, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Trends

Norway’s Oil Fund Jettisons Gilts

Posted on 11 March 2013

Norway’s oil fund — the world’s largest sovereign wealth fund — almost halved its exposure to UK and French government bonds last year while increasing it to debt from the US, Japan and Germany. The $712 billion fund slashed its holdings of UK government debt from 110 billion kroner at the end of 2011 to 60 billion kroner at the end of December.
French bond holdings dropped from NKr80 billion to NKr44 billion over the same time period. The oil fund — known as Norges Bank Investment Management due to its position inside Norway’s central bank — enjoyed its second best year since its formation in 1998 as buoyant equity markets helped it to a return of 13.4 percent………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 13908 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
April 2014
M T W T F S S
« Mar    
 123456
78910111213
14151617181920
21222324252627
282930