NBIM and ABP both reported negative first quarter results, but the losses affected them differently. Norway’s oil-backed sovereign wealth fund was hit through a 70.2% equity allocation, US technology concentration and NOK translation effects. ABP’s investment loss was smaller, but its current coverage ratio fell as lower discount rates lifted...
NBIM and ABP both reported negative first quarter results, but the losses affected them differently. Norway’s oil-backed sovereign wealth fund was hit through a 70.2% equity allocation, US technology concentration and NOK translation effects. ABP’s investment loss was smaller, but its current coverage ratio fell as lower discount rates lifted...