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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Value of giant Norwegian oil fund drops

Posted on 15 August 2011

Norway’s sovereign wealth fund - filled by tax revenues from the nation’s oil industry - has fallen in value since the end of the second quarter because of the slump in global stock markets, figures yesterday showed.
While the fund’s value crept up by 0.3 per cent to 3.1 trillion Norwegian krona (£344 billion) in the three months to 30 June, plunges in share prices have dragged it down to KNr2.9 trillion……………………………………….Full Article: Source

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