Norway sovereign wealth fund ups India bets amid rise in equities

The Government Pension Fund Global, Norway's $1.4-tn sovereign wealth fund that holds 1.3% of all the world's listed companies and is the largest in the world, raised its Indian bets last year

The Government Pension Fund Global, Norway’s $1.4-trillion sovereign wealth fund that holds 1.3 per cent of all the world’s listed companies and is the largest in the world, raised its Indian bets last year amid a sustained rise in Indian equities.
 

Its Indian holdings as a percentage of its total equity portfolio rose by 30 basis points (bps) year-on-year (YoY) in calendar year 2021 (CY21) to 1.6 per cent, the fund’s annual disclosures show. The rise in holdings comes amid a sustained selling spree by foreign portfolio investors (FPIs) that have dumped Indian shares worth more than $20 billion since