NBIM’s Q2 returns hit by Brexit turbulence

oil-rig-offshore
The Norwegian sovereign wealth fund derives its income from oil

Norway's sovereign wealth fund delivered positive returns in the second quarter, though the impact of the UK's Brexit vote held back returns in some asset classes.

Norges Bank Investment Management's (NBIM) Q2 report shows returns of 1.3% overall during the quarter, with equity returning 0.7%, fixed income 2.5%, and real estate –1.4%. Around 60% of the fund is in equity, 37% fixed income and 3% real estate.

"After a period of relatively stable markets at the beginning of the quarter, the British

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