Reported 1 day ago
Norway's sovereign wealth fund reported a 13% return, equivalent to $222 billion, in 2024, largely driven by the booming US technology sector, despite falling short of its self-imposed target for the second consecutive year. The fund's equity investments rose by 18%, but poor performance in real estate and being underweight in major US tech stocks impacted overall returns. Chief Executive Nicolai Tangen highlighted the fund's focus on sustainable, long-term growth while managing risks amid regulatory changes and high government debt.
Source: YAHOO