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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons