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Reuters
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Norway’s $ 1.4 trillion sovereign wealth fund, the world’s largest, posted a first-half profit on Wednesday as its equity portfolio rose in value.
The fund generated a return on investment of NKr 990 billion ($ 111 billion) between January and June, 0.28 percentage point higher than the fund’s benchmark.
“Investments in equities made the biggest positive contribution to return during the first half of the year, especially investments in the energy and financial sectors,” said Managing Director Nikolai Tangin in a statement. communicated.
“Investments in energy companies generated a return of 19.5%,” he added.
(Dollar = 8.9129 Norwegian krone)
Source: Reuters
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