NORWAY - Norway's Government Pension Fund Global intends to broaden its investments to include infrastructure projects and private equity investments in a bid to increase returns.
The plan follows a recent report commissioned by the Finance Ministry, which said: "Future work on the investment strategy will focus in particular on evolving the strategy so as to exploit the special characteristics of the Government Pension Fund in the best possible manner.
"Further development will seek to diversify the risk further and increase the weight of investments that benefit from the Fund's size, long-term perspective and ability to hold less liquid assets."
In a letter released with Norway's 2011 budget today, the scheme said: "The fund is well placed to carry the risk and harvest the potential gains from investing in less liquid assets."
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