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Thursday, 18 August 2016

Norway's sovereign fund cuts value of UK property portfolio after Brexit | World news | The Guardian

Norway's sovereign fund cuts value of UK property portfolio after Brexit | World news | The Guardian:

"Norway’s $893bn (£687bn) sovereign wealth fund has cut the value of its UK property portfolio by 5% after Britain’s vote to leave the EU.

The world’s largest sovereign fund is one of Britain’s biggest foreign investors, owning shares in most top UK companies and $11bn in government bonds. It co-owns Regent Street, one of London’s premier shopping streets.

Britain is its largest investment location after the US, representing more than 10% of the fund’s value, with property accounting for just over 3%."



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