BEST QUARTER: Norway’s SWF Posts 5.3% Quarterly Return
Norway’s GPFG returned 7.5% in equity investments for the 1st quarter of 2015. Fixed income investments earned 1.6%, while real estate investments returned 3.1%.
According to the press release, Yngve Slyngstad, CEO of Norges Bank Investment Management commented, ” There were big price movements in the European market. After a weak return on European stocks last year, the market rallied in the first quarter.”
In addition, 5 billion kroner was transferred from the government to the sovereign wealth fund in the first quarter of 2015.
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