| Norway's sovereign wealth fund is growing far faster than expected, potentially leaving the government with more money to spend in next year's budget, financial daily Dagens Naeringsliv reported on Tuesday.
The fund's value could hit almost 6 trillion Norwegian crowns ($973 billion) by the end of the year, according to a new government forecast cited by the paper. That compares with a year-end estimate of 5.48 trillion crowns made in May. The newspaper gave no explanation for the discrepancy, but the fund invests heavily in foreign stock markets, many of which have been trading around multi-year highs...............................................Full Article: Source
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