Norway investment on Bangladesh’s capital market hits record high
Mostafizur Rahman | Published: 22:23, Mar 02,2021 | Updated: 21:02, Mar 04,2021
Investment of Norway’s sovereign wealth fund (SWF), the world’s biggest fund, in Bangladesh’s capital market hit a record high in 2020 despite the coronaviruscentric sluggishness on the market.
The SWF has been increasing its stake on Bangladesh’s stock market every year since investing around $19 million in the country in 2015 amid expectations of better returns from the market.
In 2020, the fund’s investment value on Bangladesh’s capital market reached $248.35 million, which was $188.12 million in 2019.
The Norwegian government pension fund had footprints in 20 companies in 2020 against 22 companies in the previous year.