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Norway’s $890 Billion Wealth Fund to Target Frontier Markets

Norway’s $890 billion wealth fund, the world’s largest, will expand the scope of its investments to target more “frontier markets” and add more currencies to generate higher returns.

It will add “exposure to different sources of return and seek to exploit time-varying investment opportunities,” Norges Bank Investment Management said in a 2014-2016 strategy report today. NBIM expects to invest 1 percent of the fund in real estate in each of the next three years and will raise the number of companies it holds more than 5 percent in to 100 by 2016.