Norway’s oil fund to put $2 bn in Indian mkts
NEW DELHI: Norway’s sovereign wealth fund plans to invest $2 billion in Indian stocks over the next three months, a Norwegian embassy official said on Wednesday.”The deputy secretary general at the finance ministry (of Norway) said that sovereign wealth fund is going to invest $2 billion in Indian stocks,” Lasse Johannessen, minister counsellor at the Norway embassy in Indian capital, said.
“This money is going to be invested from now until Jan 2009,” he said, citing the Norwegian finance ministry official.
Johannessen said the fund would increase India’s weighting to 0.94 percent from 0.2 percent in its overall portfolio.
Familiarly known as “the oil fund”, the Government Pension Fund — Global invests Norway’s oil and gas wealth in foreign stocks and bonds. It is Europe’s biggest equity investor.
source: Economictimes
Tags: calls, daytrading, free calls, intraday, tips
Similar Posts:
Latest Query
- by Sam
Market Stats
Search Our Archives
Research Desk
- Stocks Trading above their 50 day moving average - DMA In Stock Research
- Download free Ebooks based on Technical Analysis In Personal Training
- TOP 100 Stocks with the Highest P/E as on July 14th, 2013 In Stock Research
- TOP 100 Stocks with the Lowest P/E as on July 14th, 2013 In Stock Research
- Charting Pathsala - Your guide to Techincals In Technical Analysis
