Thursday 28 Mar 2024
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KUALA LUMPUR (April 27): Norway’s Government Pension Fund Global, the world’s largest sovereign wealth fund with a market value of about NOK10 trillion (around RM4.103 trillion), registered a 0.12% rise in its Malaysia fixed-income asset investments at NOK16.98 billion in 2019 from NOK16.96 billion a year earlier, according to latest updates by the Norwegian central bank’s asset management unit.

Norges Bank Investment Management is the asset management unit of Norwegian central bank Norges Bank. Norges Bank Investment Management said the Government Pension Fund Global’s Malaysia fixed-income asset investments in 2019, comprised only Malaysia government bonds.

In US dollar terms, the Government Pension Fund Global’s Malaysia fixed-income asset investments however fell to US$1.93 billion in 2019, from US$1.96 billion a year earlier.

Norges Bank Investment Management said on its website that it manages the Government Pension Fund Global, often referred to as the Norwegian oil fund.

"At the end of 2019, the fund was invested with 70.8 percent in equities, 2.7 percent in unlisted real estate and 26.5 percent in fixed income. The fund is now one of the world’s largest funds, owning almost 1.5 percent of all shares in the world’s listed companies. 

"This means that we have holdings in around 9,000 companies worldwide, entitling us to a small share of their profits each year. 

"In addition, the fund owns hundreds of buildings in some of the world’s leading cities, which generate rental income for us. The fund also receives a steady flow of income from lending to countries and companies. By spreading our investments widely, we reduce the risk of the fund losing money,” Norges Bank Investment Management said.

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