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Sovereign Wealth Funds Briefing - Categorized | Financials, Trends

Norway’s oil fund fends off Brexit to post positive return

Posted on 19 August 2016

Norway’s sovereign wealth fund, the world’s biggest, posted a positive return on Wednesday for the second quarter, despite market pressure from Britain’s decision to leave the EU.
The fund registered a return of 1.3 percent, or 94 billion kroner ($11.5 billion, €10 billion), putting its value at 7.18 trillion kroner ($876 billion, €777 billion) at the end of the quarter, the central bank said on Wednesday. Real estate, which represented 3.1 percent of the portfolio, dragged the fund down, posting a negative return of 1.4 percent………………………………………..Full Article: Source


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