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Norwegian sovereign fund invests in Sri Lanka equities

Oct 31, 2015 (LBO) - Norway's central bank, which manages the world's biggest sovereign wealth fund, has started buying shares in Colombo listed companies.
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Norges Bank has bought 7.5 million shares in knit fabric maker Textured Jersey Lanka, a media report said.
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The fund started investing in Textured Jersey around September.
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Norges Bank Investment Management has close to a trillion dollars invested in global assets, a fund built from the country's oil revenues.
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The fund is currently valued at 7.
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2 trillion Norwegian Kroner, or 835 billion dollars. Out of the fund, 9.1 percent is invested in emerging markets such as China, Taiwan and India, an investment allocation down from 9.



8 percent last year. Norway’s Government Pension Fund Global tops a ranking of 53 sovereign wealth funds in 37 countries, a ranking that includes funds such as California’s CalPERS and Dutch ABP, although often not classified as sovereign wealth funds.
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The mandate from Norway's Ministry of Finance requires the fund to invest 60 percent of its capital in equities, 35-40 percent in fixed-income securities and up to 5 percent in real estate.


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The quarterly report of the pension fund can be viewed here
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