| Norway’s government proposed on Tuesday to remove the 5% real-estate target from its sovereign-wealth fund and prohibit it from investing in infrastructure. The country’s $850 billion sovereign-wealth fund, the world’s largest, is currently mandated to invest 60% of its holdings in stocks, 35% in fixed income and 5% in real estate.
Removing the real-estate target, a move which requires parliamentary approval, would leave the responsibility to Norway’s central bank, which manages the fund, to decide how much it invests in property, within a 7% limit, the government said...............................................Full Article: Source
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