| From Globalpensions.com: Norway's Government Pension Fund Global has grown to NOK3trn ($512bn) for the first time in its 14-year history. Since investing an initial NOK1.98bn in 1996 in the same way as the country's foreign exchange reserves, the fund has expanded into international stock and bond markets and is currently planning its move into real estate. The fund first passed $500bn on 5 October.
The market value is largely determined by inflows of capital, returns and fluctuations in the krone exchange rate. The fund had NOK2,379bn in capital inflow and NOK430bn in returns between May 1996 and 30 June 2010, while changes in the krone exchange rate reduced the market value by NOK3bn..............................................Full Article: Source
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