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Norway wealth fund wants to invest in unlisted groups

AFP  |  Oslo 

Norway's sovereign fund, the largest in the world worth more than USD 1 trillion, wants to be able to invest in companies that are not listed on the stock market, it said in a letter published today.

Intended to Norway's welfare state when the country's runs dry, 65.9 per cent of the fund is currently invested in equities, 31.6 per cent in bonds and 2.5 per cent in

The Norwegian central bank, in charge of managing the fund, is always on the look-out for ways of diversifying its and maximising its profits.

In the letter to the ministry, the recommended investing in unlisted groups, citing historical data which suggested they could offer a "slightly higher" return than listed companies.

The number of listed companies appears to have declined in recent decades, the argued, pointing to a nearly 50- per cent drop in the number of American companies listed in the since 1996.

In practise, the recommended starting with investing in or alongside private equity

It is now up to the ministry to review the recommendation before submitting a proposal to the parliament, which has the final say.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, January 10 2018. 19:16 IST