| A greater focus on real assets through the introduction of an unlisted infrastructure portfolio, and the expansion of the real estate exposure of Norway’s NOK7.1trn (€733bn) sovereign wealth fund, could soon bring to an end one of the great certainties among asset owners – the Government Pension Fund Global’s stable, almost static asset allocation.
The fund may also take on greater equity risk, and increase its strategic allocation beyond 60%, which currently means it owns about 2.5% of the European listed market and 1.3% of all listed stocks. The potential changes mark a sea change, as the strategic asset allocation at Europe’s largest asset owner has remained largely unchanged for nearly a decade...............................................Full Article: Source
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