| Norway's $870 billion sovereign wealth fund, the world's biggest, had a negative return on investments in the second quarter as US stocks pulled down results and bonds fell, it said on Wednesday.
The fund lost 73 billion Norwegian crowns ($8.82 billion) in the quarter, a sharp reversal from the record 401 billion return seen from January to March but ahead of its own market benchmark. The April-June return corresponded to minus 0.9 per cent, down from 5.3 per cent in the first three months. A strengthening of the Norwegian crown cut a further 53 billion from the fund against an increase of 175 billion in the previous quarter...............................................Full Article: Source
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