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DNB phases out oil and shipping fund

The fund owns a majority share of the investment in BW Offshore and other oil companies, and so far this year, it shows a negative 41 percent return.

"The fund DNB Navigator was established in 1997, and is now being phased out after 23 years. This relates to a dropping interest from our customers – especially in the last year," writes DNB Communications Advisor Cecilie Skjennald in an email to the Norwegian business newspaper Dagens Næringsliv. Photo: Stig B. Fiksdal

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