Norway’s US$2 trillion wealth fund shuns data centres

Currently, the fund has about 3.3% of its assets in real estate, with a roughly even split between public companies and unlisted exposure. — Reuters

OSLO: Data centres are notably absent from the shopping list for the world’s largest sovereign wealth fund as it unveils a new strategy following a period of disappointing real estate results. 

Norges Bank Investment Management (NBIM), Norway’s US$2.1 trillion fund, is shaking up its property division as part of its next three-year strategy, published on Wednesday.