Norway's $1 trillion sovereign wealth fund grows during volatile second quarter
The fund now contains more than $60 billion in bonds with negative yields.Norway's $1 trillion rainy-day oil fund was boosted in the three months to June by choppy action in both the stock and bond markets.
Except for oil and gas, all equity sectors made gains for the fund in a second quarter described by the investment manager Norges Bank as "volatile." "We had a positive return on our fixed-income investments thanks to falling yields," Trond Grande, deputy CEO of Norges Bank Investment Management said in a statement.
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