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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Reserve Currencies

Norway cbank to sell NOK 100 mln a day for oil fund in Oct

Posted on 01 October 2013

Norway’s central bank will sell 100 million crowns ($16.67 million) a day in October to buy foreign currency for the country’s $780 billion sovereign wealth fund, the same amount it sold in September, the bank on its page on Monday.
The fund, the world’s biggest sovereign wealth fund, invests Norway’s revenues from oil and gas production for future generations, buying bonds, stocks and real estate around the world………………………………………..Full Article: Source


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