OSLO: Norway’s $1 trillion sovereign wealth fund increased its exposure to Ireland in 2017, almost doubling its investment in Irish companies and government debt, and taking a stake in AIB.
The Government Pension Fund Global , a vehicle for saving for future generations in Norway, held $1.7 billion in Irish debt and equity assets in 2017, up 78 per cent on a year earlier.
Almost $800 million was invested in 16 Irish company equities, up from $640 million in 2016. On the fixed-income side, it had spent $917 million on seven investments in 2017, up from $313 million on six investments a year earlier.
The fund has a $694 billion equity portfolio, with the Irish holdings representing 0.1 per cent of this figure at the end of last year.
Its Irish portfolio included a $136 million stake in AIB, which it acquired as part of the bank’s share sale in 2017 – giving it a 0.76 per cent stake.
Norway’s $1 trillion sovereign wealth fund increased its exposure to Ireland in 2017, almost doubling its investment in Irish companies and government debt, and taking a stake in AIB.
The Government Pension Fund Global , a vehicle for saving for future generations in Norway, held $1.7 billion in Irish debt and equity assets in 2017, up 78 per cent on a year earlier.
Almost $800 million was invested in 16 Irish company equities, up from $640 million in 2016. On the fixed-income side, it had spent $917 million on seven investments in 2017, up from $313 million on six investments a year earlier.
The fund has a $694 billion equity portfolio, with the Irish holdings representing 0.1 per cent of this figure at the end of last year.
Its Irish portfolio included a $136 million stake in AIB, which it acquired as part of the bank’s share sale in 2017 – giving it a 0.76 per cent stake.
