30.10.2015 - Will Norway's wealth fund losses affect its Indian portfolio?
Norway's sovereign wealth fund, the world's largest, has posted $32 billion in losses in the quarter ended September 2015 the biggest loss in the last four years mainly due to the falls in China's stock market and Volkswagen AG. Norway's wealth fund is one of the biggest foreign institutional investors in India with assets under management of at least Rs 19,000 crore in listed stocks. Total assets under management by sovereign wealth funds in India as on August 2015 were at Rs 1.7 lakh crore. The fund's CEO recently told Bloomberg that there won't be a need to sell anything at this juncture, but investors could keep a watch on its portfolio...............................................Full Article: Source
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