Negative
23Serious
Neutral
Optimistic
Positive
- Total News Sources
- 2
- Left
- 0
- Center
- 2
- Right
- 0
- Unrated
- 0
- Last Updated
- 41 days ago
- Bias Distribution
- 100% Center
Norway's Sovereign Wealth Fund Reaches 20 Trillion Kroner
Norway's sovereign wealth fund has reached a historic value of 20 trillion kroner (approximately $1.8 trillion), doubling in size over the past five years, primarily fueled by robust oil and gas revenues and rising global stock markets. Established in 1996 as a savings fund, it now holds about 1.5% of all publicly listed stocks worldwide and is nearly four times the size of Norway's annual GDP, comparable to the GDP of Australia. The fund's significant holdings include U.S. government bonds worth $136 billion and major corporate investments in companies like Microsoft, Apple, and Nvidia. The growth has been accelerated by various factors, including soaring natural gas prices post-Russia's invasion of Ukraine and favorable exchange rates. This milestone reflects the fund's crucial role in financing Norway's welfare state as oil resources diminish in the future. Norges Bank Investment Management operates the fund, which remains a vital economic pillar for the nation.
- Total News Sources
- 2
- Left
- 0
- Center
- 2
- Right
- 0
- Unrated
- 0
- Last Updated
- 41 days ago
- Bias Distribution
- 100% Center
Negative
23Serious
Neutral
Optimistic
Positive
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