18.07.2012 - Norway SWF bulks up on FTSE 100 companies
Norway's sovereign wealth fund has been buying up holdings in FTSE 100 companies, continuing its liquid-led investment strategy. Norway has become the largest sovereign shareholder in FTSE 100 companies after amassing $30.7 billion (25 billion) of holdings. The fund's purchase makes it the largest state investor in the UK's blue-chip index and the third largest overall, according to the newspaper's investigation. The stakes include luxury brand Burberry, UK retailer Marks & Spencer, insurer Prudential, property investor British Land, and Rolls-Royce. The stakes are operated through Norges Bank Investment Management (NBIM), which manages the Norwegian oil-revenue fund...............................................Full Article: Source
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