16.07.2012 - Mighty Norway SWF buys up FTSE 100
The huge power of sovereign wealth funds is revealed by new analysis showing Norway has amassed £25bn of holdings in FTSE 100 companies, or 2pc of the UK’s benchmark share index. The Norwegian state’s buying spree over the past year makes it the biggest state investor in the UK’s blue-chip index and the third largest investor overall. Its holdings now amount to half of the roughly 4pc of the index held by asset manager Legal & General, the biggest investor in the FTSE 100, and place Norway third after BlackRock, the world’s largest fund manager...............................................Full Article: Source
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