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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Norway oil wealth fund made big gains in 2012

Posted on 11 March 2013

Norway’s oil fund, one of the biggest investors in the world, rose in value by 13.4% last year, its second-best performance ever. The central bank said the fund’s investments in shares jumped by 18.1% in 2012, boosted by soaring equity indexes around the world.
It is now worth 3.8tn krone (£450bn; $670bn), up from 3.3tn krone in 2011. Norway’s fund invests the money from its huge oil industry in the nation’s future. The sovereign wealth fund is now 40% bigger than the value of the entire Norwegian economy. If it was invested inside the nation, this would cause distortions like massive inflation………………………………………..Full Article: Source


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