Norway’s $890 billion sovereign wealth fund, the world’s biggest, will invest in more equity and fixed income markets as it seeks to boost returns, it said on Tuesday.
The fund, which invests Norway’s vast surplus of oil money and is among the world’s largest investors, will also take direct charge of some future real estate investments.
The changes, which will continue a shift in policy since 2011, will be made before 2016.
“New frontier markets will be added to our equity investments and the scope of our fixed-income investments will be widened to include additional currencies,” the fund said in a statement on Tuesday.
The fund, worth about $173,000 for every man, woman and child in Norway, invests in more than 8,000 firms and across 82 countries. It owns 1.3 percent of the world’s listed companies, including 2.5 percent of European ones.
via CNBC 
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