Friday 27 October 2017

Norway oil fund posts sixth straight quarter of gains

Norway oil fund posts sixth straight quarter of gains:

"Norway’s $1tn oil fund took advantage of benign market conditions over the summer to post its sixth consecutive quarter of positive returns.

The world’s largest sovereign wealth fund returned 3.2 per cent in the third quarter with strong stock markets ensuring its equity portfolio gained 4.3 per cent while bonds delivered a 0.8 per cent return.

Yngve Slyngstad, chief executive of Norges Bank Investment Management, which manages the fund, said:"



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