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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Investment

Norwegian oil fund dumps UK gilts

Posted on 12 March 2013

The Norwegian oil fund, one of the world’s biggest investors, dumped almost half of its holdings in UK gilts last year amid concerns about mounting Government debt levels and money printing.
Norges Bank Investment Management, which has $713bn of assets and is the biggest sovereign wealth fund in the world, said it sold down its holding in UK debt from 110bn Kroner (£12.9bn) at the end of 2011 to just 60bn Kroner at the end of 2012………………………………………..Full Article: Source


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