Norway’s wealth fund has stake in 146 Malaysia-listed companies

Norway’s Government Pension Fund Global owns shares in AirAsia, Bumi Armada, Genting, Maybank and Top Glove, among others.

Norway’s Government Pension Fund Global is the world’s largest fund and it owns close to 1.5 percent of all shares in the world’s listed companies, including 146 Malaysia-listed companies, Free Malaysia Today reports.

The fund is managed by Norges Bank Investment Management and its investment in Malaysia-listed companies includes among others, a 0.26 percent stake in MR DIY worth $ 12.83 million, a 0.89 percent stake in Top Glove worth $ 108.68 million, and a 0.7% stake in Genting Malaysia which is worth US$26.35 million as of last December.

According to Norges Bank, the sovereign wealth fund’s equity investments are spread across many different countries, sectors, and companies to capture global value creation and diversify risk as best possible. The fund can only invest in companies listed on regulated exchanges and their stock can maximum be 10 percent.

About Mette Larsen

ScandAsia Journalist • Scandinavian Publishing Co., Ltd. • Thailand

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