AMWatch

Norway's oil fund calms investors: We will still be a major player in real estate

Norway's oil fund has moved to tone down the effect of a change in its real estate strategy. The newly-outlined plan lowers the target of real estate allocation from seven percent to 3-5 percent

73-89, Oxford Street in London is one of the real estate investments made by Norway's oil fund. | Photo: PR

A new real estate strategy for Norway's oil fund announced last week has created some upheaval and uncertainty in the real estate industry. In an attempt to calm down investors, Norges Bank Investment Management (NBIM) released a statement stressing that the fund will continue to be a major player in real estate.

"Some media have created the impression that the fund's real estate investments are being closed down. We would like to emphasize that real estate will continue to be an important part of the bank's investment strategy for the GPFG (Government Pension Fund Global), and the fund will be a major player in the real estate markets in the years to come," Egil Matsen, Deputy Governor of Norges Bank, says in the press release.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

The ESG market is controlled by a few big investors

Finland's largest investor holds 62 percent of shares of multi-trillion ETFs offered by iShares and 64 percent of Xtrackers' equivalent offering. Having a few investors dominating ownership in this way is not good for the vehicles' liquidity and could be a big challenge facing the sector.

"We continue to see further growth in our Nordic book of business"

DECEMBER SERIES: What were the most important developments at some of the global asset managers present on the Nordic market in 2021, and what are their expectations for the coming year? AMWatch's December series is kicked off by Head of Nordics at State Street Global Advisors, Arnaud Bruyneel. 

Further reading

Related articles

Latest news

Jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch