Norway's Oil Fund Raises Exposure to Russia | News | The Moscow Times

Norway's Oil Fund Raises Exposure to Russia | News | The Moscow Times:



"Norway's $885 billion sovereign wealth fund increased its exposure to Russia in the first half of the year and also picked up government bonds of advanced economies, like the U.S., Japan, Italy, Germany and Britain, it said on Wednesday.




The fund, one of the world's biggest investors, also said it returned 3.3 percent in the second quarter, compared with 1.7 percent in the first quarter.



"Equity markets rose in the second quarter, and emerging markets performed best," Chief Executive Yngve Slyngstad said in a statement. "Considerable liquidity flowed into the markets, which pushed asset prices up. We noted reduced volatility in the markets, but we need to be prepared for fluctuation in the fund's value going forward.""



'via Blog this'