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6.89257606896962E-05 -0.000200511303824713 0 0.000250889768910716 0.000852173041255138 -0.00471201563988169 -0.00553912476815875 -0.00398516216351691
Stock impact report

Norway Wealth Fund Sees Challenges to 30 Years of Stable Markets [BNN Bloomberg (Canada)]

Microsoft Corporation (MSFT) 
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Company Research Source: BNN Bloomberg
“The fund has gone through a dot-com boom, a financial crisis and the COVID-19 pandemic, all of which created great turmoil in the markets, but we've never seen a longer and more persistent downturn,” Tangen said at a parliamentary hearing on Tuesday. “We must be prepared for such an eventuality.” The wealth fund, which owns about 1.5% of listed stocks globally, has never experienced such a shift of the environment in which it operates, Tangen said. The growing weight of the world's seven biggest technology companies - including Microsoft Corp., Apple Inc. and Alphabet Inc. - is also driving a “concentration risk unlike any we've seen before,” the executive said. Read More: Norway's Sovereign Wealth Fund Boosted Tech Stock Holdings Created in the 1990s to invest Norway's oil and gas revenues abroad, the fund — also known as Norges Bank Investment Management — largely tracks a benchmark index based on a framework handed down by parliament. As a result, tech companies now account Show less Read more
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