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Sovereign Wealth Funds Briefing - Categorized | Performance

Norway’s sovereign wealth fund has topped $518bln

Posted on 21 October 2010

From Finfacts.ie: Norway’s sovereign wealth fund has topped NKr3,000bn ($518bn) for the first time, marking a milestone for the the country of 4.8m people. The oil producer set up the fund in 1996 when it got its first capital transfer from the Ministry of Finance.
It aims to preserve Norway’s oil wealth for future generations and today it owns about 1% of all global stocks and counts as the world’s second biggest sovereign wealth fund after Abu Dhabi’s……………………………………….Full Article: Source


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