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Norway's $1 Trillion Wealth Fund Ends Bet on Higher Rates

  • Wealth fund holds $67 billion in negative yielding bonds
  • Fund now has relatively even duration to bond benchmark
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Norway's Wealth Fund Delivers $28.5 Billion Return in Second Quarter
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Norway’s $1 trillion wealth fund ended a long-running bet on higher interest rates as its massive bond portfolio was swamped by negative yields.