ESG strategy hits Norway’s sovereign wealth fund
Norway’s giant sovereign wealth fund has returned 1.6 percentage points less on an annualised basis over the last 12 years because it excluded some stocks on ethical grounds.
Sovereign Wealth Fund
-
-
Norway oil fund to reduce allocation to EMD, corporate bonds
Norway’s sovereign wealth fund intends to reduce its exposure to emerging market currencies and corporate bonds as it seeks to simplify its fixed income benchmark.
-
Sovereign wealth funds stay confident as returns slide
Despite the volatility of global financial markets this year and a steady decline in investment returns, confidence among the world’s sovereign wealth funds remains high, a survey by Invesco has found.
-
Saudi Arabia invests $3.5bn in Uber
The Saudi Arabian Public Investment Fund (PIF), the kingdom’s long-term sovereign investment arm has invested $3.5bn (£2.4bn, €3.1bn) in the US-based online taxi service Uber, the Saudi press agency announced.
-
Saudi Arabia seen cutting funds held with asset managers
Saudi Arabia has reportedly withdrawn tens of billions of dollars from global asset management firms in response to the ongoing slump in oil price and the recent volatility in world equity markets.
-
Sovereign funds extend move into infrastructure
The sharp slide in oil prices and low yields on traditional investments has seen sovereign wealth funds keep increasing their exposure to alternative investments like infrastructure and take on a more direct asset management role, according to a new survey.
-
gic opens brazil office
GIC, Singapores sovereign wealth fund, has opened a new office in Brazil to focus on investment opportunities in Latin America.
-
Sovereign investors up exposure to alternatives
Sovereign investors are increasing exposure to alternative assets such as real estate and private equity, according a study of 37 institutions across the world.