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Norway's wealth fund posts $109 billion Q1 profit

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Norway's $1.6 trillion sovereign wealth fund, the world's largest, has today posted a profit of 1.2 trillion crowns ($109 billion) for the first quarter of 2024, boosted by strong technology stocks.

Norway 's $1.6 trillion sovereign wealth fund , the world's largest, has today posted a profit of 1.2 trillion crowns for the first quarter of 2024, boosted by strong technology stocks.

The fund invests the proceeds of the Norwegian state's oil and gas production into stocks, bonds, unlisted property and renewable projects abroad.Meanwhile, the sovereign wealth fund said today it would vote in favour of a proposal letting NatWest buy back more of its stock from the British government, amid efforts to speed up privatisation.

Business Natwest Norway Sovereign Wealth Fund

 

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