The Norwegian state’s funding funding fund from oil and gas production is one of the largest investors in the world.
Norway National Welfare Fund of 1.8 trillion. The US dollar announced a record profit of $ 222 billion (2.51 trillion of Norwegian crowns) in 2024. Reuters reported it.
This happened because of the high profitability of his investment in sharing American technological companies.
The Norwegian state’s funding funding fund from oil and gas production is one of the largest investors in the world. He has an average of 1.5% of all quoted shares worldwide.
Funds are also investing in bonds, real estate and properties associated with renewable energy sources.
Nine of the ten largest funds in the end of 2024 were shares of technological companies, and with three Apple leaders, Microsoft and Nvidia.
Generally, the profitability of the fund in 2024 costs 13% per year.
Note that in 2023 the Norway National Welfare Fund received a record revenue of $ 213 billion (2.222 billion Norwegian crowns) thanks also to investments in sharing the technological sector.
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.