Norway’s Wealth Fund Suggests Expanding Into Unlisted Equities
- Norway may miss out on growth under current limits, fund says
- Fund is already world’s biggest single owner of listed shares
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Norway’s $1.3 trillion sovereign wealth fund has recommended that the country should consider investing in unlisted equities in the longer term to boost returns.
While the fund isn’t currently permitted to make such investments, “we’re seeing more and more indications that a larger share of value creation is taking place in the unlisted market,” Norges Bank Investment Management said in a letter to the Ministry of Finance, which was made public on Friday.