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Norway wealth fund posts first decline in 3 years
Published Wed, Aug 19, 2015 · 09:50 PM
Oslo
THE world's largest sovereign wealth fund lost 73 billion kroner (S$12.3 billion) in the second quarter, the first decline in three years, dragged down by falling global bond and stock markets.
The US$870 billion fund declined 0.9 per cent, weighed down by a 2.2 per cent loss on its bonds and a 0.2 per cent drop on its stocks, the Oslo-based fund said on Wednesday. Its real estate holdings rose 2 per cent.
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