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Norway fund chief rules out further gains
The CEO of Norway's sovereign wealth fund, which is valued at $2.3 trillion, emphasized that investors should not expect the same strong returns from stocks experienced in the first half of the year, despite achieving record profits of around $185 billion. He explained that the market's performance remained resilient despite geopolitical tensions and trade conflicts, but warned that downturns are inevitable and will impact the fund, which accounts for approximately 25% of Norway’s budget revenues, and that future conditions are likely to be more challenging than in the past.
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