Business Standard: Indian stocks drag Norwegian sovereign wealth fund
The returns from the Indian stock market were among the worst for Norway’s Government Pension Fund Global, which manages in excess of $700 billion. The fund has investments worth between Rs 250-350 crore in Container Corporation of India, Tech Mahindra, Tata Chemicals and ING Vysya Bank. Indian stocks have been a bad bet for the world’s largest sovereign wealth fund, slowing down the behemoth’s equity returns. Read the Business Standard article in full.
Representatives of the Government Pension Fund, including CEO Yngve Slyngstad, visited India earlier this year. At that occasion CEO Slyngstad gave an interview to The Economic Times about the fund’s investments in India. Read the full article here.
The Times of India 15 October 2013: Norway orders review of $790bn Wealth Fund