Norway’s $880 Billion Wealth Fund to Target Frontier Markets - Bloomberg

Norway’s $880 Billion Wealth Fund to Target Frontier Markets - Bloomberg:



"Norway’s $880 billion wealth fund, the world’s largest, will expand its scope of investments to target “frontier markets” and add more currencies to generate higher returns.



The fund will broaden its “exposure to different sources of return and seek to exploit time-varying investment opportunities,” Norges Bank Investment Management, which manages the fund, said in a strategy report published today. NBIM expects to invest 1 percent of the fund in private real estate in each of the next three years, it said.



“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,” NBIM said in the report, which sets its strategy through 2016."



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