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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Norway’s $760 bln oil fund increases bet on equities

Posted on 12 August 2013

Norway’s sovereign wealth fund, one of the world’s biggest investors, returned 0.1 percent on its portfolio in the second quarter of 2013, beating its own benchmark index by 0.3 percentage point, it said on Friday.
The fund increased the share of equity holdings to 63.4 percent of its portfolio from 62.4 percent three months ago and cut its ownership of government bonds. “Equity markets were boosted by a strong market in the U.S. and Japan while emerging markets pulled in the other direction,” Yngve Slyngstad, the fund’s chief executive said………………………………………..Full Article: Source


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