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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Norway’s oil fund can raise investment in China to $1.5 bln

Posted on 28 October 2013

Norway’s $810 billion sovereign wealth fund, one of the world’s biggest investors, will increase its investments in China by 50 percent to $1.5 billion and would like to do even more, its chief executive told Reuters.
The head of the fund, a major investor in Google, Starbucks and Apple, also said on Friday he would not take up the issue of tax avoidance with the firms it invests in, despite the fund’s ethical profile. The fund, which invests Norway’s vast surplus of oil money, is the world’s richest sovereign wealth fund and holds about 1 percent of all global equities………………………………………..Full Article: Source


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