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Sovereign Wealth Funds Briefing - Categorized | Investment, Trends

Norway’s $840 bln oil fund to review mining investments

Posted on 03 March 2014

Norway’s $840 billion sovereign fund, the world’s biggest equity investor, has cut its investments in gold and coal miners due to environmental concerns and will review the entire mining sector this year, it said on Friday.
The fund, which grew by $200 billion in 2013 alone and owns about 1 percent of all global stocks, exited its investments in 27 gold and coal miners in 2013 and cut its stakes in others. The wider sector review potentially heralds one of the biggest changes since it was set up as a sovereign wealth fund in 1998………………………………………..Full Article: Source


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