Norway Wealth Fund Posts US$68bil Profit for January-June, Lifted by Finance Stocks
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Norway wealth fund posts US$68bil profit for January-June, lifted by finance stocks
ARENDAL, Norway: Norway’s US$2 trillion sovereign wealth fund, the world’s largest, posted a 698 billion Norwegian crowns (US$68.28 billion) profit for the first half of the year, lifted by strong returns among stocks in the financial industry, it said on Tuesday. © New Straits Times Press (M) Bhd
The Norwegian oil fund had a large turnover in the first half of the year. The turnover was 698 billion Norwegian kroner, writes Reuters. That's about 438 billion in our money. - The good performance of the stock market, especially in the financial sector, is the reason for the good result, says Nicolai Tangen, CEO of the oil fund. The oil fund's activities are mainly based on owning shares in many companies around the world. It is today among t…
Market Consensus CdM The sovereign fund of Norway, Norges Bank Investment Management (NBIM), recorded a return of 5.7% in the first half of the year (11,712 million Norwegian kroner), highlighting the solid results in financial actions. "The change in the value of the fund is broken down into an accounting return of 698 billion kroner, government transfers of 156 billion kroner after costs, and a negative contribution due to the appreciation of…
The Country's Largest Asset Fund Is Doing Great: Those in It Have Made a Lot of Money - Money Center
Norway's sovereign wealth fund produced a 5.7% return in the first half of 2025, according to a recent report from Norges Bank Investment Management (NBIM). While this result represents a huge amount, it still fell short of the official target by 0.05 percentage points.
Norway's wealth fund, which invests oil revenues for future generations, generated a 5.7% return in the first half of this year as stock markets rose.
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