Norway's sovereign wealth fund, the world's largest, made a 19.9% return on investment last year, earning a record 1.69 trillion Norwegian crowns ($180.49 billion), it said on Thursday. The $1.1 trillion fund's return for the year was stronger than that of its benchmark index, it added. Read More...
OSLO, Feb 27 (Reuters) – Norway’s sovereign wealth fund, the world’s largest, made a 19.9% return on investment last year, earning a record 1.69 trillion Norwegian crowns ($180.49 billion), it said on Thursday.
The $1.1 trillion fund’s return for the year was stronger than that of its benchmark index, it added.
“2019 has been a very good year for the fund … this is the greatest increase in value in a single year in the fund’s history,” said central bank Governor Oeystein Olsen. ($1 = 9.3633 Norwegian crowns) (Reporting by Gwladys Fouche and Victoria Klesty, editing by Terje Solsvik)
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