Norway’s $1.7 Trillion Wealth Fund Rakes in $138 Billion in H1

Norway’s massive sovereign wealth fund, which has nearly $1.7 trillion in assets under management generated an 8.6% return, or $138 billion, in the first half of the year, fueled by a surge in stock prices. Norges Bank Investment Management (NBIM), which oversees the fund’s investments, reported that equity holdings gained 12% during the six-month period […] source: https://www.cryptoglobe.com/latest/2024/08/norways-1-7-trillion-wealth-fund-rakes-in-138-billion-in-h1/