Norwegian fund welcomes ‘positive result’ in turbulent quarter

Norway’s Government Pension Fund Global achieved “positive results” in the second quarter of 2019 despite some difficult market conditions, the fund says.

“Uncertainty about global trade and economic growth dampened returns early on, but markets rallied towards the end of the period, driven partly by the prospect of more expansionary monetary policy in developed markets,” said Trond Grande, deputy chief executive of Norges Bank Investment Management, which oversees the fund.

NBIM’s Q2 report