Norwegian wealth fund earns $177 billion in 2021 By Reuters

© Reuters. FILE PHOTO: A general view of the Norwegian central bank, home of Norway’s sovereign wealth fund, in Oslo, Norway March 6, 2018. REUTERS/Gwladys Fouche/File Photo

OSLO (Reuters) – Norway’s sovereign wealth fund, the world’s largest, achieved a return on investment of 1.58 trillion Norwegian kroner ($177 billion) last year, with the biggest increase coming from technology stocks, he said Thursday.

The $1.3 trillion fund’s return on investment was 14.5% for the year, 0.74 percentage points higher than the fund’s benchmark return.

($1 = 8.9498 Norwegian kroner)

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