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