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Norway proposes changes to SWF targets

The world's largest sovereign wealth fund is to have its investment powers altered by parliament

Norway's government is unsure whether adding infrastructure as an asset class for the wealth fund would improve diversification or returns
Norway's government is unsure whether adding infrastructure as an asset class for the wealth fund would improve diversification or returns

Norway’s government proposed on Tuesday to remove the 5% real-estate target from its sovereign-wealth fund and prohibit it from investing in infrastructure.

The country's $850 billion sovereign wealth fund, the world's largest, is currently mandated to invest 60% of its holdings in stocks, 35% in fixed income and 5% in real estate.

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