| Norway proposed letting its sovereign wealth fund raise real estate holdings by about $17 billion, while rejecting a call to expand into infrastructure projects. The upper limit on real estate investments for the $850 billion fund, the world’s biggest, should be raised to 7 percent from 5 percent, the Finance Ministry said on Tuesday.
The real estate assets will also be separated from the overall portfolio and “be included in the existing framework for deviations,” according to the ministry. But the government warned the fund to avoid getting close to the ceiling...............................................Full Article: Source
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