Norway’s Fund Posts First Loss in Three Years as Bonds Drop
Norway Oil Fund: Monetary Policy, China Are Main Issues
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The world’s largest sovereign wealth fund lost 73 billion kroner ($8.8 billion) in the second quarter, the first decline in three years, dragged down by falling global bond and stock markets.
The $870 billion fund declined 0.9 percent, weighed down by a 2.2 percent loss on its bonds and a 0.2 percent drop on its stocks, the Oslo-based fund said Wednesday. Its real estate holdings rose 2 percent.