The world’s biggest sovereign wealth fund will continue to invest in the U.K. no matter what the outcome of Brexit talks.
“We remain a long-term and committed investor in the U.K. in all asset classes,” Norges Bank Investment Management’s Chief Executive Officer Yngve Slyngstad .
The U.K. is the Norwegian sovereign wealth fund’s largest investment market after the U.S., with $67 billion in stocks and $18.5 billion in bonds, in addition to a $6.3 billion property portfolio.
“We have a substantial real estate portfolio in London and we have a substantial investment in the equity markets and the fixed income markets. And these will remain at about the same level no matter what the event with regards to these political discussions will be.” Slyngstad said.
The fund’s stock portfolio rose 19.4 percent in the year, while fixed income investments gained 3.3 percent and real estate grew 7.5 percent. It held 66.6 percent in stocks at the end of 2017, 30.8 percent in bonds and 2.6 percent in real estate.
Its biggest equity investments in 2017 were Apple Inc., Nestle SA and Royal Dutch Shell Plc, while its largest fixed income holdings were U.S., Japanese and German government bonds.
Source: Bloomberg Pro Terminal
Trader Bozhidar Arabadzhiev
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