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Sovereign Wealth Funds Briefing - Categorized | Market

Norway has been on a roll for decades

Posted on 13 July 2012

Norway’s Government Pension Fund is only 20 years old, but is more than 30 times the size of Alberta’s Heritage Investment Fund, which former premier Peter Lougheed started for “a rainy day” in 1975. It is also bigger than Saudi Arabia’s and a close second in size to the one run by one of the sheikdoms of the United Arab Emirates.
Norway posts such monster economic statistics that it is impossible to avoid superlatives. So rosy are its books and so high its standard of living that it has been rated No. 1 on the UN’s Human Development Index for nine of the first 11 years of this century………………………………………..Full Article: Source


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