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Norway rejects proposal of investing wealth fund in infrastructure

Staff writer |
Norway’s $850 billion sovereign wealth fund, the world’s largest, should not be allowed to invest in unlisted infrastructure projects, the government said in its annual white paper.

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The central bank, which manages the fund, had recommended that it should be allowed to invest in infrastructure.

The fund currently invests about 60 percent of its value in stocks, 35 percent in bonds and up to five percent in real estate, all outside Norway. In the future, allocations in real estate could rise to 7 percent, the government said.

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