Norway’s SWF hit by equity slump
The Norwegian Government Pension Fund Global, Norway's sovereign wealth fund, on Friday said it made a return of 0.3% on its investments in the three months to June 30, down from the last quarter, due to a slump in global equity markets.
In its quarterly report, the Norges Bank Investment Management (NBIM), which manages the fund, said declines in many stock sectors, including technology, industrial and basic materials, led to a 0.65% loss on its equity investments, which amounted to Nkr1.8
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