Norway’s sovereign wealth fund suffered its smallest quarterly gain in a year, foreshadowing this month’s global stock rout amid concern U.S. and European economic growth is stalling.
The $534 billion Government Pension Fund Global returned 0.3 percent, as measured by a basket of currencies, in the second quarter, the Oslo-based investor said today. The stock portfolio fell 0.7 percent and its bonds holdings rose 1.8 percent. It was the worst performance since a loss in the second quarter of 2010.
The $534 billion Government Pension Fund Global returned 0.3 percent, as measured by a basket of currencies, in the second quarter, the Oslo-based investor said today. The stock portfolio fell 0.7 percent and its bonds holdings rose 1.8 percent. It was the worst performance since a loss in the second quarter of 2010.
