Industry News, Trustworthy Insights

Popular Companies:

Record-Breaking $213bn Profit for Norway’s Wealth Fund Explained

In 2023, Norway’s massive sovereign wealth fund, holding a staggering $1.6 trillion, faced a challenge as it underperformed against its benchmark for the first time in five years.

Norway's Sovereign Wealth Fund Breaks Records with $213bn profit for 2023. PHOTO: Getty Images.
Norway’s Sovereign Wealth Fund Breaks Records with $213bn profit for 2023. PHOTO: Getty Images.

This was primarily due to losses in its unlisted real estate holdings, even as stock markets saw a general uptick.

The fund, which is the largest of its kind in the world, garnered a 16.1% return, translating to

Industry news used by professionals

Try £4.99 per month

Already a member?
Weekly Digest

All the week’s industry events straight to your inbox.

Before your sign up, please read terms of use and privacy policy.

Trending

FREE Weekly Newsletter

Trusted industry insights used by Professionals

By signing up you agree to our terms of use and privacy policy.

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

Password Reset

You will soon receive a Reset Password link

FREE Weekly Newsletter

Trusted industry insights used by Professionals

By signing up you agree to terms of use and privacy policy.

Send us your article

[formidable id=3]