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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Norway’s sovereign fund gained $47bln last year on global recovery

Posted on 21 March 2011

Yngve SlyngstadNorway’s sovereign wealth fund, the world’s second largest, rose 264 billion kroner ($47 billion) last year as a recovery in global growth and corporate profits spurred a second year of gains in stocks.
The Government Pension Fund Global returned 9.6 per cent, adding to 26 per cent gain in 2009, as measured by a basket of currencies, the Oslo-based investor said yesterday. The $548 billion fund’s stock holdings returned 13.3 per cent, while its bond investments climbed 4.1 per cent……………………………………….Full Article: Source


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