The world's largest wealth fund picked up $22 billion worth of stocks during 2018 rout

The world's biggest sovereign wealth fund went on a stock buying spree during the market turmoil at the end of 2018. Norges Bank, which manages Norway's $1 trillion oil-funded wealth pot, said it bought 185 billion crowns worth of equities, with the bulk of purchases coming in November and December. The U.S. stock market had its worst December since the Great Depression as investors feared trade tensions with China and rate hikes by the Federal Reserve.

"The only other time was a slight decline in 2002." The bank said the fund's market value was $967 million at 31 December 2018. On the same day, 66.3 percent was invested in equities, 3 percent in unlisted real estate and 30.7 percent in fixed income. In 2017, Norges Bank said it intended to raise its equity allocation over time to 70 percent. During 2018, equity investments for the fund returned a loss of 9.5 percent, while unlisted real estate investments gained 7.

Me too! 😂

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

More black investors should look to stock market to grow their wealthLow African-American participation in the stock market contributes to the widening wealth gap between black and white households, according to a 2014 study. There are signs, however, that change is coming lazettabraxton So the rich White man can screw them more? lazettabraxton How about you just say more American investors should look to the stock market you racist socialist!!! lazettabraxton “...should look to stock market to GROWTH their wealth”? Not sure about that. ❶Not Your AfricanAmerican🔴Singlemom ❷Ultimate Financial Advice for Black People🔴 College Students Single StudentLoans Debt WednesdayWisdom
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »