| Norway's sovereign wealth fund, the world's largest, returned 192 billion kroner (S$38.79 billion) in the second quarter as energy stocks and emerging markets led a rally amid turmoil in Iraq and Ukraine. The Government Pension Fund Global gained 3.3 per cent in the quarter, the Oslo-based investor said yesterday. The US$880 billion fund's stock holdings returned 4 per cent and its bonds 2 per cent. Real estate returned 3 per cent.
"Equity markets rose in the second quarter and emerging markets performed best," Yngve Slyngstad, chief executive officer of Norges Bank Investment Management, which runs the fund, said in a statement. "Considerable liquidity flowed into the market, which pushed asset prices up."..............................................Full Article: Source
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