Despite Q2 recovery, considerable uncertainty persists: NBIM
On the 08.18.20 at 12:40PM
The Government Pension Fund Global, Norway’s sovereign wealth fund, returned -3.4% in first half. The fund signalled the persistence of uncertainty in the markets.
The almost €1trn sovereign wealth fund lost 188bn kroner (€17.89bn) in the first half of 2020. The return on its equity investment was -6.8%, due to negative returns in most markets.