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Norway's sovereign fund loses $124 billion as markets crash

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OSLO (Reuters) - Norway's sovereign wealth fund, the world's largest, has lost 1.33 trillion Norwegian crowns ($124 billion)(105 billion pounds) so far this year as stock markets have plunged due to the coronavirus pandemic, it said on Thursday.The fund is now worth $930 billion (781 billion pounds), down from more than $1 trillion at the end of last year. Its investment portfolio dropped 16.2%,..
Date Published: Mar 26, 2020
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