Arab Today, arab today norway sovereign wealth fund flat in q2
Last Updated : GMT 11:03:24
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.

arabstoday
arabstoday

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

 



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 Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today A no-frills business success

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel sees benefits in independent Kurdistan: experts

GMT 07:58 2017 Wednesday ,20 September

Israel sees benefits in independent Kurdistan: experts
Arab Today, arab today Equifax executives step down

GMT 16:16 2017 Saturday ,16 September

Equifax executives step down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Renault-Nissan to launch

GMT 10:44 2017 Saturday ,16 September

Renault-Nissan to launch
Arab Today, arab today Horia Farghaly happy for success of “Case G”

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”
Arab Today, arab today 5,000 'Dieselgate' deaths in Europe per year

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 15:49 2017 Friday ,15 September

'Severe' Typhoon Doksuri pounds Vietnam

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:26 2017 Wednesday ,20 September

Opioid overdose deaths take 2.5 months

GMT 11:40 2017 Monday ,18 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
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