Friday 16 November 2018
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inquirer - 3 month ago

Norway’s wealth fund, world’s biggest, worried about global trade tensions

The managers of Norway s sovereign wealth fund, the world s biggest, expressed concern Tuesday about global trade tensions, which could heavily impact its value. The fund posted a positive return of 1.8 percent, or 167 billion kroner (17.2 billion euros, $19.8 billion), in the second quarter, helping erase a loss of 171 billion kroner in January-March that was attributed to a volatile stock market. The Government Pension Fund Global, which saw its total value swell to 8.33 trillion kroner (859 billion eur

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