Norwegian sovereign wealth fund suffers worst returns since 2011
Oslo
NORWAY'S sovereign wealth fund, the world's biggest, had its worst year since 2011 as its equity portfolio delivered its weakest performance in half a decade.
The US$830 billion Government Pension Fund Global returned 2.7 per cent in 2015, after rising 7.6 per cent the previous year, the Oslo-based investor said on Wednesday. Stocks gained 3.8 per cent, bonds rose 0.3 per cent, and real estate investments grew 10 per cent. The fund's holdings overall gained 334 billion kroner (S$54 billion) last year.
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