Russia tensions sting Norway oil fund  Published: Apr 30, 2014
8:51 a.m. ET     Norway's Government Pension Fund Global--the
world's largest sovereign-wealth fund--returned a drab 1.7% in
the first quarter, stung in part by its holdings of Russian
bonds and Chinese stocks.  The returns were the lowest for the
oil fund since the second quarter of last year, it said in a
report Wednesday.  The 5.1 trillion kroner ($849 billion) fund
saw its equity investments--which make up almost two-thirds of
its holdings--return 1.5%, while fixed-income investments
delivered returns of 2%.  Equity returns were hampered by losses
in China, where stocks lost 6.1% on the back of poor economic
performance. China accounted for 2.4% of the fund's equity
position and was its largest emerging-market holding.  European
shares--which make up almost half of the fund's equity holdings
--returned 2.4%. Those returns were held back by European
companies' exposure to emerging markets, the report said.  Bond
returns were crimped as Russian d