The facade of Norway’s central financial institution, also identified as Norges Bank, in Oslo, Norway.
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Norway’s large sovereign prosperity fund on Thursday noted initially-quarter financial gain of 1.21 trillion kroner ($109.9 billion), supported by sturdy returns on its investments in know-how shares.
“Our equity investments experienced a extremely robust return in the to start with quarter, specially driven by the tech sector,” Trond Grande, deputy CEO of the fund, explained in a assertion.
Norway’s sovereign prosperity fund, the world’s greatest, was established in the 1990s to invest the surplus revenues of the country’s oil and gas sector. To date, the fund has set funds in far more than 8,800 organizations in far more than 70 nations all around the earth.
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