Government fund's 1.5% return

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NORWAY - The Norwegian Government Pension Fund achieved a 1.5% return in the first quarter - however a stronger krone in relation to the investment currencies reduced the portfolio's market value by NOK 27.6bn.

Norges Bank achieved an excess return of 0.09% compared with the return on the benchmark portfolio defined by the Ministry of Finance. The Fund’s market value was NOK 1, 876 billion at the end ...

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