Norway's municipal pension assets rise 18%

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NORWAY - Municipal pension funds realised an 18% rise in total assets from NOK21.7bn at year-end 2003 to NOK25.6bn at the end of 2004.

By comparison, total assets for private pension funds increased by just 9% to NOK81bn in 2004. The report by Statistic Norway attributed this increase to an improvement in the security market, in w...

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