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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Europe’s biggest SWF makes fixed income loss

Posted on 12 August 2013

Norges Bank Investment Management has reported that the sovereign wealth fund it manages - Norway’s Government Pension Fund Global - made a loss of -1.4% from its fixed income investments in the second quarter of 2013 - although its overall return of 0.1% still earned it NOK17bn (€2.2bn).
Offsetting the losses in fixed income were slight gains from equity investments of 0.9%, and stronger returns from real estate of 3.9%. The fund has only been mandated to branch out into real estate in the past few years - it did not announce its first property acquisition until November 2010………………………………………..Full Article: Source


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