Norway's Wealth Fund May Invest In Unlisted Equities

Norway's $1.3 trillion wealth fund, one of the world's largest investors, should assess whether to begin investing in unlisted equities, the finance ministry said, Victoria Klesty reported for Reuters.

Photo Insert: The fund pools the Norwegian state's revenues from oil and gas production and invests them abroad in stocks, bonds, property, and renewable energy projects.

The fund pools the Norwegian state's revenues from oil and gas production and invests them abroad in stocks, bonds, property, and renewable energy projects.

Managed by a unit of the central bank, it is invested in more than 9,200 companies globally and owns on average 1.5% of all the world's listed stocks.

"The bank is asked to assess the different aspects of unlisted stocks to form the basis for the ministry's assessment of this question," the finance ministry said in its annual recommendation to parliament.

A decision on whether to do so is ultimately up to the government and parliament. It could be presented to parliament next year, Finance Minister Trygve Slagsvold Vedum told Reuters.

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