Most investors and traders probably don't give too much thought as to who are the biggest investors in the FTSE100 itself. Or to put it another way, who owns the most shares of FTSE100 companies?
A Sunday Telegraph report reveals the following:
1) Legal & General - has around 4%.
2) BlackRock Fund - No percentage given.
3) Norway Sovereign Wealth Fund - 2%.
So, Norway owns around £25 billion of shares in FTSE 100 companies and apparently has been on a buying spree in the last year. To put this into some context, China's sovereign wealth fund has around £9 billion in holdings.
Of this £25 billion, Norway owns 2% of Burberry, 2% of Marks & Spencer, 2% of Rolls Royce, 4% of Prudential and 5% of property investor British Land.
According to Wikipedia, Norway ranks as the second wealthiest country in the world in monetary value and has the largest capital reserve per capita of any nation.
They must see something they like about investing in the UK.
Link Norway buying the FTSE
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