Oil fund generates meager Q3 return

Norges Bank Investment Management lost on stocks, which make up almost three quarters of its holdings.
Deputy CEO Trond Grande, NBIM | Photo: PR/ NBIM
Deputy CEO Trond Grande, NBIM | Photo: PR/ NBIM
by stephen treloar, bloomberg

Norway's USD 1.4trn sovereign wealth fund, the world's biggest, returned 0.1 percent in the third quarter, after its bonds and real estate holdings offset a slight decline in stock portfolio.

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