Would You Please Yield?
JOURNAL REPORTS Updated March 11, 2013, 5:23 pm ET Would You Please Yield? Amid Low Returns From Bonds, Sovereign Wealth Funds Move Aggressively Into Real Estate By PETER EVANS At the start of 2010, the world's largest sovereign wealth fund had no property investments to speak of. Three years later, Norway's Government Pension Fund Global, which manages the oil-rich nation's wealth through Norges Bank Investment Management, has committed around $6.7 billion to property. The investments are mainly focused on prime office and retail space in major European capitals, and Norges Bank has said it plans to spend billions more over the next decade. http://online.wsj.com/article/SB10001424127887324678604578340630485929040.html