20.08.2015 - Norway sovereign fund posts first negative return since 2012
The world's biggest sovereign wealth fund, Norway's public pension fund, reported Wednesday its first negative quarterly return in three years, pulled down by the bond market. The fund posted a -0.9 percent return. Bonds, which represent 34.5 percent of its investment portfolio, yielded a negative return of 2.2 percent in the second quarter said Norway's central bank, which manages the fund. "The return on fixed-income investments was affected by an increase in yields in the fund's main markets," fund director Yngve Slyngstad said in a statement...............................................Full Article: Source
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