Norges Bank IM’s selective approach to China and EMs
Norway’s sovereign fund allocates 3.1% of its $1 trillion to China, up from 2% in 2016. Head of external strategies Erik Hilde explains how it invests there and in other emerging markets.
Norway’s $1 trillion sovereign wealth fund holds a huge amount of Asian assets: it has $145 billion allocated to Asia Pacific equities alone, and the region accounted for around half of its 260-odd emerging market equity mandates as of end-2018. Some 3%, or $30 billion, of the portfolio is in Chinese stocks, up from 1.7% at end-2016.
Getting to that stage has taken a great deal of time and effort, as Norges Bank Investment Management is extremely selective about how it invests in …
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