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Sovereign Wealth Funds Briefing - Categorized | Financials, Fund Profile/New Launches, Performance

Norway gets it right

Posted on 28 October 2010

From Sovereignsociety.com: In October, Norway’s sovereign wealth fund, managed by the Norges Bank (central bank), topped NOK 3 trillion for the first time in history, the equivalent of $518 billion dollars. That’s a huge leap from where it started back in 1996, with just NOK 1.98 billion or $258 million dollars.
The Norwegian wealth fund got slammed in the 2008 credit crash but has since recovered sharply with shrewd investments in the emerging markets among others. The fund holds approximately 1% of all global tradable stocks and is the second-largest sovereign wealth fund after Abu Dhabi’s……………………………………….Full Article: Source

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