Norway Wealth Fund Was Hammered by Asian Equities

Norway’s sovereign wealth fund, managed by Norges Bank Investment Management (NBIM), had a rough third quarter, posting a portfolio loss of -4.9%. Listed equities contributed a -8.6% return for the quarter, while real estate returned 3%. Overall, listed equities have provided a challenging environment for public institutional investors. Listed equities in Japan for NBIM returned -10% and accounted for 9.2% of the fund’s equity allocation, while Chinese equities returned -21.3% and accounted for 2.8% of the fund’s equity allocation. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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