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.

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