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Norway's $1.6 trillion sovereign wealth fund, the largest in the world, reported a first-quarter profit of approximately $109 billion (1.21 trillion kroner), driven by strong performance in technology stocks. Despite this substantial gain, the fund underperformed its benchmark, marking the second consecutive quarter of falling short of expectations. The return on the fund's equity investments was 9.1% for the quarter.
Whoa $109B in profit Norway's giant sovereign wealth fund on Thursday reported first-quarter profit of 1.21 trillion kroner ($109.9 billion), supported by robust returns on its investments in technology stocks. https://t.co/kXX1GkK6i6
World’s largest sovereign wealth fund posts $110 billion in first-quarter profit as tech stocks surge - CNBC https://t.co/5wyvheVVTN
Norway’s wealth fund posts $107 bln first quarter gain https://t.co/ecSGz99xgn
