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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies, Trends

Norway, Canada show the way to cash in on resources boom

Posted on 03 October 2016

Cashed-up Canadian pension funds have been very active in Australia of late, with a strong focus on agriculture, and so has Norway’s $1 trillion sovereign wealth fund. It’s no coincidence that these resource-rich countries have been extending their global investment reach as both of them have a strategy of building up foreign currency assets, which in turn acts as a natural hedge against falling mineral prices.
And as commodity prices have cooled, both Norway and Canada have become richer. That’s right: the massive foreign currency investments of both countries mean that the downturn in mineral prices increases the value of their overseas investments when converted back into local currency……………………………………..Full Article: Source


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VRS - who has written 19873 posts on Opalesque Sovereign Wealth Funds Briefing.


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