Norway’s wealth fund earned US$28.5b in Q2

A Norwegian flag flutters on the boat at Aker Brygge in Oslo, Norway May 31, 2017. — Reuters pic
A Norwegian flag flutters on the boat at Aker Brygge in Oslo, Norway May 31, 2017. — Reuters pic

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OSLO, Aug 21 — Norway’s US$1.1 trillion sovereign wealth fund, the world’s largest, made a 3.0 per cent return on investment in the second quarter, earning 256 billion Norwegian crowns (US$28.5 billion), it said today.

The return for the quarter was 0.19 percentage point below the fund’s benchmark index, it added.

The sovereign wealth fund invests Norway’s revenues from oil and gas production in foreign stocks, bonds and real estate. — Reuters

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