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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Norway’s $710 bln wealth fund back on top form in 2012

Posted on 11 March 2013

Norway’s sovereign wealth fund, one of the world’s biggest investors, grew by around $100 billion in 2012, sealing one of its best years on record as it benefited from the striking upturn by stock markets. Known as the ‘oil fund’, it invests revenue from Norway’s lucrative oil industry for the country’s future. It is now worth around $710 billion, 40 percent more than the value of the entire Norwegian economy.
The fund has been steadily reducing its assets in Europe as part of a long-term plan to move into both emerging and developed markets in Asia and the Americas - where it sees the strength of the world’s economy in the years ahead………………………………………..Full Article: Source


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