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Norway's sovereign wealth fund posts 2.7 pct return in 2015

Xinhua, March 10, 2016 Adjust font size:

Norway's sovereign wealth fund posted a 2.7 percent return, or 334 billion kroner (39 billion U.S. dollars), in the "volatile year" of 2015, the fund said on Wednesday.

Equity, fixed-income and real estate investments returned 3.8 percent, 0.3 percent and 10.0 percent respectively in the year, according to a statement of the fund, formally known as the Government Pension Fund Global (GPFG) and ranked as the world's biggest sovereign wealth fund.

The overall return on the fund's equity and fixed-income investments was 0.5 percentage point higher than the return on the benchmark indices, the fund said.

The fund had a market value of 7,475 billion kroner on Dec. 31,2015, of which 61.2 percent was invested in equities, 35.7 percent in fixed income and 3.1 percent in real estate, according to the statement. (1 U.S. dollar=8.52 Norwegian kroner) Enditem