Norges Bank awards Asean mandates: sources
Norway's $850 billion sovereign wealth fund is said to have handed out four Southeast Asian single-country equity portfolios worth some $1 billion in total in recent months.
Norway’s Norges Bank Investment Management (NBIM), thought to be the world’s biggest sovereign wealth fund, has handed out chunky equity mandates for Southeast Asian markets in recent months, say sources.
The $850 billion entity is understood to have awarded asset managers four separate portfolios for Malaysia, the Philippines, Thailand and Vietnam – to the tune of $200 million to $300 million each.
Sources say Franklin Templeton has received mandates for Malaysia and Thai equit…
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