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Sovereign Wealth Funds Briefing - Categorized | Investment

Norway sovereign fund raises India infrastructure bets

Posted on 14 February 2011

From Mydigitalfc.com: Norway’s Sovereign Wealth Fund has upped its India infrastructure exposure in the past two to three months with the $500 billion monster buying shares in stocks such as Indiabulls Power, Lanco Infratech, Nagarjuna Construction and IVRCL Infrastructure from the open market by spending Rs 100 crore.
The Government Pension Fund (Global), managed by Sebi-registered Norges Bank, seems enthused after posting its fifth-largest quarterly return in third quarter and has since October 2010 consistently bough infra stocks, which have been underperforming for the past two to three years……………………………………….Full Article: Source


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