11.03.2013 - Norway sovereign fund ups exposure to Indian stocks, debt
Norway's sovereign wealth fund, the largest across the world, increased its exposure to Indian stocks by 38 per cent to $2.57 billion in 2012, while its holdings of Indian debt securities have also risen manifold. The Government Pension Fund Global of Norway, which manages assets worth over $700 billion and is ranked as the world's largest sovereign wealth fund, has close to 120 companies in its equity investment portfolio and these include giants like RIL, Infosys, SBI and TCS. While the total number of Indian stocks in its portfolio has remained unchanged, the aggregate exposure to them rose to $2.57 billion at the end of 2012, from $1.8 billion a year ago, the Fund said in its annual portfolio report...............................................Full Article: Source
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