Norway’s sovereign wealth fund, the largest of its kind in the world, posted full-year profit of 2.5 trillion kroner ($222.4 billion) on Wednesday, fueled by a tech rally. ➡️ Its return on investment came in at 13% for the year, 45 basis points lower than the return on the fund’s benchmark index. ➡️ Speaking at a press conference, Norges Bank Investment Management (NBIM) Deputy CEO Trond Grande described a “very, very strong year for equities” as the biggest driver of the fund’s return in 2024. Read more here: https://cnb.cx/3CwoZat
