NBIM reclassifies listed real estate under new investment strategy
Norges Bank | February 07, 2019
Norges Bank Investment Management will invest between 3% and 5% in real estate, reclassifying listed real estate in the portfolio, on behalf of Government Pension Fund Global, Oslo, according to a new investment strategy announced Thursday, which will apply until 2022. The new real estate strategy will be effective April 1. Previously, the fund's listed real estate was included in the equity portfolio. Norges Bank IM's real estate manager, Norges Bank Real Estate Management, will also be integrated into NBIM.