Norway’s sovereign wealth fund, the biggest in the world, is getting chewed. In the past month, the $US840 billion fund lost more than 5% on its investments, the fund’s CEO Yngve Slyngstad said, according to Bloomberg’s Saleha Mohsin.
That would be about $US40 billion. Somewhat notably, this news comes shortly after the huge sell-off in Chinese stocks. “Slyngstad has been seeking to expand the fund’s investments in China, which he sees as key to capturing more of global growth,” according to Bloomberg’s Mohsin...............................................Full Article: Source
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