The world's largest investment fund earned on a bad market
The State Pension Fund of Norway, the world's largest national wealth fund, showed a 3% return in the second quarter of 2019, earning NOK 256 billion, or $28.5 billion. Its volume reached $1.024 trillion. The fund reported that the bond yield was 3.1%. Shares rose by 3.0%, investments in real estate - by 0.8%. The cost of a block of shares of American companies, which account for a third of all shares, increased by 3.6%, European - by 4.1%, Asian - by 0.1%.