Norway’s oil fund reports worst annual results since 2008
Higher financial volatility has put a major dent in Norway’s sovereign wealth fund, which in 2018 recorded its worst results since 2008, it revealed today (February 27).
The Government Pension Fund Global recorded a return of –6.1% in 2018. It is the fund’s worst overall performance since the 2008 financial crisis, when it had a return of –23.3%. As a result, the market value of the GPFG’s assets fell to Nkr8.25 trillion ($966 billion) from Nkr8.5 trillion at the end of 2017.
Equities
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Sovereign Wealth
Latest issue
