Norway’s pension fund grows on rising equities

Norges Bank HQ, Oslo
Espen Schive

Norway’s government pension fund global (GPFG), the biggest sovereign wealth fund in the world, closed the second quarter of 2017 at Nkr8.02 trillion ($957 billion) as returns reached 2.6%, boosted by rising European and UK equities.

During the summer, the fund’s value has fallen to Nkr7.7 trillion, as the Norwegian krone has appreciated against major currencies. The kroner rose to Nkr7.896:$1 on August 21 from Nkr8.346:$1 on June 30.

The GPFG returned 2.6%, Nkr202 billion ($25.5 billion) in

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