| Norway's sovereign wealth fund is worth 7,177 billion NOK (US$878 billion). It was up in the second quarter of 2016 by a steady 1.3%, in spite of its real estate holdings in the UK that Norge’s Bank Investment Management’s quarterly report says it reduced by 5 percent as of June 30th.
This downward adjustment is thanks to the financial uncertainty in the UK following the country’s June 23rd referendum that saw British citizens vote to leave the EU. Over $20 billion in property fund assets have being frozen and the British pound has fallen 11% since the vote as investor confidence in the UK investments falls..............................................Full Article: Source
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