Norwegian sovereign wealth fund returns to profit – Kommersant
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The Norwegian sovereign wealth fund, the world’s largest sovereign wealth fund, finished the first half of the year with a profit of 1.5 trillion crowns ($143 billion). This is a significant improvement from a $174 billion loss a year earlier. Last year as a whole was the worst in the history of the fund. The good performance this year is largely due to the recovery of technology stocks after the fall in 2022.
The total value of the fund’s assets is $1.4 billion. The return on the fund’s investments in the first half of the year was about 10%. The income from investments in stocks amounted to 13.7% during this period, including 38.6% in stocks of technology companies. In total, the Norwegian sovereign wealth fund owns approximately 1.5% of the total share capital in the world. He also invests in bonds and real estate. Equities now account for 71.3% of the fund’s total value, fixed income securities 26.4%, and real estate 2.3%. Recently, the fund has been actively investing in renewable energy projects, but so far they account for only 0.1% of its total assets.
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