01.02.2016 - Norway's parliament to back broader investment brief for wealth fund
Norway's lawmakers are expected to grant the country's $800 billion sovereign wealth fund a broader investment brief to better spread risk, the leader of the parliamentary finance committee said. The central bank, which manages the fund, last month recommended it should be allowed to invest in unlisted infrastructure projects and put a higher share of its assets into real estate, changes representing the biggest shift in strategy since it was permitted to buy property in 2010. The fund currently invests about 60 percent of its value in stocks, 35 percent in bonds and up to five percent in real estate, all outside Norway...............................................Full Article: Source
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