Norway's USD 1.3trn wealth fund encourages traders to bet against the market
The world’s biggest owner of publicly traded companies, with roughly 1.3% of all listed stocks, on Thursday outlined a three-year plan to stem losses that have built up in the turbulent markets of 2022, exacerbated by soaring inflation, interest-rate hikes and war in Europe. The wealth fund is — for the first time in its history — looking to a future where investments yield a fraction of what it’s used to seeing.
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