Government Petroleum Fund returns 1.7% in Q3

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NORWAY- The Government Petroleum Fund (Statens Petroleumsfond) has returned 1.7% in the third quarter of 2003 on the back of strong returns from its equity portfolio.

The fund returned an overall 7.7%, beating its benchmark by 0.49%. Measured in Norwegian krone, the return was 16.2% due to the krone’s depreciation against the currencies in the benchmark portfoli...

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