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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Norway pension fund ups stakes in 16 stocks

Posted on 21 July 2011

Norway’s Government Pension Fund Global, the second largest sovereign we­alth fund, has raised stake in consumption-driven Indian firms and cut stake in engineering and construction firms in the April-June quarter, according to the latest data on shareholding pa­ttern from stock exchanges.
Of the 23 firms in which it held more than one per cent stake, the fund has ra­ised stake in 16 and pared holding in five, while maintaining stake in the remaining two. Norges Bank Investment Management (N­BIM), the asset manageme­nt unit of Norges Bank, the central bank, manages the fund……………………………………….Full Article: Source


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