Fears Brexit Tnak of the largest sovereign fund in the world

After nearly two months after the unprecedented decision for Britain to leave the European Union, fears of repercussions that are still on the economy and investment capital, and moving between banks, companies and investors, according to the domino effect, which was the last piece of it the largest sovereign funds in the world.

Norwegian Fund is who valued his fortune at $ 893 billion, decided to reduce the real estate assets in Britain due to the uncertainty created by the Brexit, at the rate of 5%, it is one of the largest foreign entities invested in Britain, as have shares in the biggest companies out there and government bonds worth $ 11 billion, and it owns a stake in Regent Street one of the main shopping streets in London, according to the report published on Thursday the newspaper "the Guardian".

Britain and occupies second place after the United States within the markets in which the Norwegian Fund pumped huge investments, representing the British assets of more than 10% of the sovereign wealth fund as a whole the value of 0.3%, including real estate investments.

Said Executive Vice President of the Norwegian fund Trond Grande The decision to reduce the real estate portfolio in Britain about 178 million pounds, the equivalent of $ 232 million, as a result of the uncertainty that dominated the British market after the vote in favor of the exit from the European Union.

He pointed out that nearly a quarter of real estate investments of the Fund is concentrated in the UK, 16% of them in London.

However, Norway stressed that Britain would remain a foreign investment centers in the long term, but they attributed the decision to the partial exit to the fact that any change is not in favor of the freedom of movement of people, goods and services leads to create tension in the market, which growth may hinder in any way what would damage the Fund's investments at the end.