Norwegian stabilization fund diverts attention to the real estate market

Norwegian stabilization fund Pension Fund Global, the second largest in the world after the UAE are of another fund Abu Dhabi Investment Authority plans to divert part of a total of 425 billion dollar portfolio of real estate, starting with investments in neighboring European countries. Norges Bank Governor Svein Gjedrem said this in a lecture given at the Singapore Management University organised by the [Sim Kee Boon Institute for Financial Economics].