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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