Norway’s Government Pension Fund Global, managed by Norges Bank Investment Management, owned a 0.7% stake in Genting Malaysia which is worth US$26.35 million as of last December, The Edge reported.

According to the Norges Bank, the pension fund also holds a 0.26% stake in MR DIY worth US$12.83 million and a 0.89% stake in Top Glove worth US$108.68 million.

“The fund is now one of the world’s largest funds, owning almost 1.5% of all shares in the world’s listed companies.

“The fund’s equity investments are spread across many different countries, sectors and companies to capture global value creation and diversify risk as best possible,” Norges Bank said.

The bank said that the fund can only invest in companies listed on regulated exchanges and their holdings cannot exceed more than 10%.

Meanwhile, Norges Bank also said the Government Pension Fund Global had a stake in 146 Malaysia-listed companies in 2019, compared with 152 in 2018.

The 2019 list included AirAsia Group Bhd, Bumi Armada, Bursa Malaysia, Malayan Banking Bhd, Petronas Gas Bhd and Top Glove, according to Norges Bank.