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Sovereign Wealth Funds Briefing - Categorized | Market

Norwegian SWF dumps investment trusts

Posted on 24 December 2009

From Citywire.co.uk: Some of the UK’s best known investment trusts have been forced to by buy-back shares after a giant sovereign wealth fund sold out of the sector.

According to a report in the FT, widespread selling by Norges Bank Investment Management, the world’s second largest sovereign wealth fund, has seen discounts in invesment trusts soar to their highest level in 2009…………………………………..Full Article: Source

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