05.11.2012 - Norway fund adds emerging markets as Mexico bond allure grows
Norway’s $660 billion sovereign wealth fund, the world’s largest, increased its purchases of emerging market debt to make Mexico its No. 10 bond investment, after reducing holdings of French and Spanish government notes. The Government Pension Fund Global is moving asset allocation away from Europe as markets in Asia and South America gain a bigger share of global output. The Oslo-based investor raised its bond holding denominated in emerging market currencies to 8 percent of its fixed-income portfolio last quarter, from 1.5 percent at the end of last year...............................................Full Article: Source
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