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Norway's sovereign wealth fund is jumping into U.S. real estate, planning to invest about $11B...

  • Friday, November 30, 2012, 4:08 PM ET
    Norway's sovereign wealth fund is jumping into U.S. real estate, planning to invest about $11B of its $660B in "conservative" investments such as office complexes in major cities. The fund - just stocks and bonds at the moment - wants to have 5% of its assets in property. "The U.S. is the next real estate market to invest in," says fund management chief Yngve Slyngstad.
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    This is a sign of the times: hard assets and dividend stocks, fewer bonds. As for Norway we know they do not want EU exposure since to seems to be understood that whatever they did with Greece was wrong for wealth building. The US specialized Reits are attractive if, and only if, you think a recovery is likely the next thing for the US. For me? Until the cliff recedes into the distance it is good to wait, you will likely get a lower price soon.
    1 Dec 2012, 09:37 AM Reply Like
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