Petroleum Fund posts its highest returns of 12.6%

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NORWAY - The Government Petroleum Fund (Statens Petroleumsfond) returned 12.6% for 2003, its highest returns ever.

The fund said that the upturn in the international equities market in 2003 resulted in the equities portfolio returning 22.8% for 2003, compared to -24.4% in 2002. The fixed income portfolio return...

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