21.03.2011 - Norway's SWF seeks real estate
Norway's government-run oil fund, the world's second-largest sovereign-wealth fund, is cutting its bond holdings and shifting its investments to real estate to protect itself against rising inflation. The Government Pension Fund Global, valued at nearly 3.1 trillion Norwegian kroner ($548 billion) at the end of last year, historically has invested 60% of its assets in stocks and 40% in bonds. It now aims to gradually invest as much as 5% of its assets in real estate while reducing its fixed-income investments by the same percentage..............................................Full Article: Source
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