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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation

Norway oil minister proposes carving out real-estate fund from $750 bln oil fund

Posted on 04 September 2013

Less than a week before national elections, Norway’s oil minister is proposing a significant shift for the nation’s $750 billion oil-wealth fund, suggesting a separate real-estate fund with increased exposure to U.S. property be carved out amid expectations of low returns in the global bond market.
Ola Borten Moe, minister of petroleum and energy and a deputy leader of the nation’s Center Party, said that he is proposing taking 10% of the sovereign-wealth……………………………………….Full Article: Source


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