Norway’s wealth fund, the world’s largest, owns about 1.5% of listed stocks globally. More than two thirds of the fund is in equities, all outside of Norway. A big chunk of its holdings are in the US, including tech companies such as Apple Inc, Microsoft Corp, Nvidia Corp., Alphabet Inc, Amazon.com Inc and Meta Platforms.
Norway’s sovereign wealth fund enjoyed its best quarter since late 2023, returning 6.4% in the second quarter, propelled by stock-market gains.
Equities drove the results for the US$1.9 trillion ($2.44 trillion) fund, at 8.45%, with unlisted infrastructure investments generating 8.1%, Norges Bank Investment Management said in a report on Tuesday. Fixed income and unlisted real estate had a small positive contribution.
