Norway's oil fund posts lowest return in 4 years
STAVANGER, Norway (AP) — Norway's massive sovereign wealth fund posted a 2.7 percent return on investments in 2015, the lowest return since 2011.
The Norwegian central bank, which manages the fund, said Wednesday that last year "was a volatile year, with negative interest rates, currency turmoil, falling oil prices and weaker growth expectations for emerging markets."
The fund's market value rose to 7.48 trillion kroner ($854 billion) on Dec.
31, 2015, www.kwatery-waugustowie.online from 6.43 trillion kroner a year earlier.
Norway invests income from its offshore oil and gas sector in the fund, which is officially called The Government Pension Fund Global.
댓글 0
| 번호 | 제목 | 글쓴이 | 날짜 | 조회 수 |
|---|---|---|---|---|
| 3 | Norway's Oil Fund Posts Lowest Return In 4 Years | TiaNaquin13374867 | 2022.04.24 | 4 |
| » | Norway's Oil Fund Posts Lowest Return In 4 Years | AntoineFletcher06 | 2022.02.08 | 3 |
| 1 | Envelope ‘bomb' Explodes At Paris IMF Office | ShanaMuller690641 | 2022.02.07 | 3 |