27.06.2014 - Norway’s $880bn SWF to target frontier markets like Nigeria
Norway’s $880 billion sovereign wealth fund, the world’s largest, will expand its scope of investments to target “frontier markets” and add more currencies to generate higher returns. Frontier markets, also called pre-emerging markets, have equity markets that are less established than in emerging markets. These include countries such as Nigeria, Argentina, Ukraine and Kazakhstan, according to MSCI Inc. The MSCI Frontier Market Index is up 16 percent this year compared with a 5 percent gain for the MSCI World Index of developed market shares. Nigerian equities made up 20 percent of the MSCI FM index as of June 2014...............................................Full Article: Source
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