Petroleum Fund grows to e111bn

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NORWAY - The Government Petroleum Fund returned 2.93% in the first quarter of 2004, outperforming the benchmark by 0.24 percentage points.

The return on the equity portfolio was 3.83% in Q1 while the fixed income portfolio returned 2.24%. Returns on the Environmental Fund were 4.14%. Executive director Knut Kjær said: “It was a goo...

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