Arab Today, arab today norway sovereign wealth fund flat in q2
Last Updated : GMT 14:41:10
Arab Today, arab today
Arab Today, arab today

Norway sovereign wealth fund flat in Q2

Arab Today, arab today

Arab Today, arab today Norway sovereign wealth fund flat in Q2

Oslo - AFP

Norway\'s Government Pension Fund, the world\'s largest sovereign wealth fund, posted a return of just 0.1 percent in the second quarter, amid falling stocks in emerging markets and bond markets, the central bank said Friday. The fund, which contains most state revenues from the country\'s massive oil and gas sector and is managed by the central bank, invests abroad in equities, bonds and, to a lesser degree, real estate. The fund was created in the early 1990s to help finance the generous welfare state system once the wells run dry. At the end of the month of June, the fund\'s total value was 4,397 billion kroner (561.8 billion euros, $752.6 billion). The fund registered a return of 0.9 percent on its share holdings, which represent 63.4 percent of its portfolio, as strong stock market performances in Japan and the United States were partially eclipsed by sliding stocks in emerging markets. The fund meanwhile registered a negative return of 1.4 percent on the bond market, which represents 35.7 percent of its portfolio. The fund sold some of its French, British and Australian sovereign bonds during the quarter, and bought Japanese, US and Brazilian bonds. The move is part of its stated goal to reduce its share of investments in Europe, which are proportionally over-represented, and strengthen its presence in emerging markets in the Americas and Asia. Real estate investments, which represent just a modest share of the fund, yielded a positive return of 3.9 percent. According to the specialised SWF Institute, the Norwegian sovereign wealth fund is the world\'s largest, ahead of Saudi Arabia\'s Sama Foreign Holdings. The fund, which aims to follow strict ethical guidelines, meanwhile announced the creation of a three-person committee to advise it on global governance issues and specific company issues. And it is now possible to see, on the central bank\'s website, how the fund votes at the annual general meetings of the companies in which it has holdings. Ethical regulations bar the fund from investing in \"particularly inhumane\" weapons makers, the tobacco industry, or companies guilty of violating human rights, causing serious environmental damage, or corruption. But it is nonetheless regularly criticised for ill-advised investments.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today norway sovereign wealth fund flat in q2 Arab Today, arab today norway sovereign wealth fund flat in q2

 



Arab Today, arab today
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 16:32 2017 Wednesday ,22 February

US Treasury chief tells IMF to monitor currencies

GMT 16:08 2017 Wednesday ,22 February

Qatari banks merger to rebalance financial sector

GMT 05:57 2017 Wednesday ,22 February

Britain risks clash with EU over RBS bailout

GMT 05:26 2017 Wednesday ,22 February

Singapore carbon tax would hit refiners, help renewables

GMT 05:18 2017 Wednesday ,22 February

Chinese PM: US should avoid ‘trade war,’

GMT 20:59 2017 Tuesday ,21 February

Economy good, but homes in German cities overpriced

GMT 05:29 2017 Tuesday ,21 February

Sovereign funds pulled $38bn from markets in 2016
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday