Norway pension fund reports results

The Bank of Norway said that the return on Norway's government pension fund was 2.2% in the second quarter.

The advance in international equity markets contributed to the return, particularly in Europe, the US and emerging markets. The return on the international equity portfolios managed by the central bank was 7.4 %.

Interest rates rose in key markets with the result that bond prices edged down, so that the return on the fixed income portfolios was -1.2%.

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