The Norwegian state fund, the largest in the world, made 2,511 billion Norwegian crowns or 213.5 billion euros in 2024. The Norges Bank Investment Management, as the fund is officially called, announced this on Wednesday.
It is a return of 13 percent, especially driven by the strongly tree -lived American technology sector.
The fund, founded in the early 90s, invests the yield of the Norwegian gas and oil exports in the long term. It is the largest stock owner worldwide. In total, the fund is worth 1.7 trillion euros.
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