| Norway’s central bank, which manages the world’s biggest sovereign wealth fund, has started buying shares in Colombo listed companies. Norges Bank has bought 7.5 million shares in knit fabric maker Textured Jersey Lanka, a media report said. The fund started investing in Textured Jersey around September.
Norges Bank Investment Management has close to a trillion dollars invested in global assets, a fund built from the country’s oil revenues. The fund is currently valued at 7.2 trillion Norwegian Kroner, or 835 billion dollars. Out of the fund, 9.1 percent is invested in emerging markets such as China, Taiwan and India, an investment allocation down from 9.8 percent last year...............................................Full Article: Source
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