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Scandinavia Today / Norway




Norway's wealth fund, the oil fund grows in value

Sunday, 04 November 2012
The value of the Norwegian wealth fund, the oil fund improved and had a returns of  4.7 percent in the third quarter of this year. This is equivalent to Nkr167 billion, or Nkr33 400 per Norwegian.

The fund, which is one of the world's largest investor During the quarter, selling the fund, which is one of the world's largest investors, assets in the crisis countries in Europe and instead purchased shares and securities in emerging and developed economies in other parts of the world, like the U.S. and Japan.

The fund's market value is now Nkr3723 billion or Nkr744, 600 per Norwegian. The Swedish currency equivalent to Skr869,000.

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