18.08.2016 - Norway’s wealth fund – key points
Norway’s $890bn oil fund – the world’s largest sovereign wealth fund – eked a 1.3 per cent return in the second quarter, despite market volatility in the wake of the Brexit vote. Here fastFT pulls out some key figures from its second quarter performance. The fund was not immune from the market turmoil that followed Britain’s vote to leave Europe. Precisely 59.6 per cent of the fund is invested in equities, which returned 0.7 per cent during the quarter but returns on European equities – 37.2 per cent of the fund’s total equities investments – fell 3 per cent. The UK is the fund’s biggest European market, accounting for 10.6 per cent of its equity investments and returned -3.4 per cent during the quarter...............................................Full Article: Source
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