The Norwegian Government Pension Fund Global returned 9.6% in 2010, 1.1% above the fund’s benchmark indices, IPE reports. Norges Bank Investment Management, which manages the oil fund, credited the performance to a 13.3% return from an equities portfolio, made up of 61.5% of total assets. The equity performance was mostly due to increased corporate profits, low interest rates and stimulus measures implemented by central banks in Europe, Japan and the U.S. About 50% of the fund’s assets are in mainland Europe.
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