Norwegian sovereign or Oil Fund, as Norwegians call it, is the world biggest one and it totals 5000 billion Norwegian krona (600 billion Euro). By the end of 2012 it has invested 25 billion krona (3 billion Euro) into the Russian companies.
It has been reported that the Fund replenished from the oil and gas sales gradually increases shares of investments into the developing markets, reducing share of investments into the European assets. The structure of the bonds’ portfolio changes as well: the Fund’s resources will be mainly invested into the bonds of the countries with a low debt load.
“We are going to reduce share of our European assets, because of changes in the world economic development and this should be reflected in our strategy,” said Norwegian Finance Minister. The portfolio will be changed gradually, said the Norwegian Fund administration.
The Norwegian Sovereign Fund is the biggest in the world. It has demonstrated a very good profitability during the debt crisis in Europe, reported http://www.norge.ru.
