Norway Global gets nod for real estate investments

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NORWAY - The Ministry of Finance has finalised rules allowing the Government Pension Fund Global to invest up to 5% of its NOK2.6trn (US$435.8bn) portfolio in real estate.

The new investment comes nearly two years after the Ministry of Finance stated its intent to let the scheme invest in real estate and will result in some NOK130bn flowing out of fixed income. The M...

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