Norway's SWF to invest EUR 16b in real estate

Norway's Ministry of Finance has unveiled new rules allowing the country's sovereign wealth fund to invest up to NOK 130 bn (EUR 16 bn) across the world's property markets. According to the new guidelines, the Norwegian pension fund will allocate 5% of its investment portfolio to real estate, with a focus on developed markets. As a result, the fund's allocation to fixed income will be reduced to 35% from 40% held previously.

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