The facade of Norway’s central financial institution, also called Norges Financial institution, in Oslo, Norway.
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Norway’s large sovereign wealth fund on Thursday reported first-quarter revenue of 1.21 trillion kroner ($109.9 billion), supported by strong returns on its investments in expertise shares.
“Our fairness investments had a really sturdy return within the first quarter, significantly pushed by the tech sector,” Trond Grande, deputy CEO of the fund, mentioned in an announcement.
Norway’s sovereign wealth fund, the world’s largest, was established within the Nineteen Nineties to speculate the excess revenues of the nation’s oil and fuel sector. To this point, the fund has put cash in additional than 8,800 corporations in additional than 70 international locations all over the world.
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