18.08.2016 - Norway's sovereign wealth fund returns 1.3% in quarter
Norway's Government Pension Fund Global, Oslo, returned 1.3% in the three months ended June 30, bolstering total assets by 1.4% to 7.18 trillion Norwegian kroner ($850 billion). In a financial update Wednesday, Norges Bank Investment Management, which runs the assets of the sovereign wealth fund, said the return was equivalent to a gain of 94 billion Norwegian kroner. That compares with a -0.6% return, or 85 billion Norwegian kroner loss, for the three months ended March 31. For the year ended June 30, assets increased 4.1%. The return for the second quarter 2015 was -0.9%, or a 73 billion Norwegian kroner loss...............................................Full Article: Source
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