10.03.2016 - Norwegian state pension fund steers through volatile year
Despite a volatile year in international markets, the Norwegian state pension fund reported a return of 2.7 per cent in 2015, the Nordic country‘s central bank said Wednesday. The return on the sovereign wealth fund, one of the world‘s largest, was equivalent to a rise of 334 billion kroner (39 billion dollars). The return in 2014 was 7.6 per cent. "2015 was a volatile year, with negative interest rates, currency turmoil, falling oil prices and weaker growth expectations for emerging markets" said Yngve Slyngstad, head of Norges Bank Investment Management...............................................Full Article: Source
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