NBIM’s Q2 returns hit by Brexit turbulence
Second-quarter returns of 1.3% held back by European equities and UK in particular
Norway's sovereign wealth fund delivered positive returns in the second quarter, though the impact of the UK's Brexit vote held back returns in some asset classes.
Norges Bank Investment Management's (NBIM) Q2 report shows returns of 1.3% overall during the quarter, with equity returning 0.7%, fixed income 2.5%, and real estate –1.4%. Around 60% of the fund is in equity, 37% fixed income and 3% real estate.
"After a period of relatively stable markets at the beginning of the quarter, the British
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