Norges Bank Investment Management reported that the fund's value crossed $1.8 trillion for the first time, driven by strong returns from its equity portfolio, particularly in US technology stocks.
The fund is a model for how resource-rich nations can convert finite resources into permanent financial assets.
Record high valuation
Strong tech stock returns
Diversified global portfolio
The fund owns on average 1.5% of every listed company in the world.
Norway's Government Pension Fund Global, the world's largest sovereign wealth fund, reached a record $1.8 trillion in assets under management. This development builds on a longer history of events in business.
Looking ahead: Norway's Government Pension Fund Global, the world's largest sovereign wealth fund, reached a record $1.8 trillion in assets under management. Looking forward, this story is likely to develop further as new information emerges.
- 01Norway's sovereign wealth fund reached $1.8 trillion
- 02Each Norwegian's share exceeds $320,000
- 03The fund owns 1.5% of all global equities
1990: Fund established
2019: Crossed $1 trillion
2026: Crossed $1.8 trillion
Norway's sovereign wealth fund reached $1.8 trillion
sovereign
/ˈsɒv.ɹɪn/nounMeaning: A monarch; the ruler of a country.
Easy meaning: A monarch
trillion
/ˈtɹɪljən/numeralMeaning: (short scale) A million million: 1 followed by twelve zeros, 1012.
Easy meaning: (short scale) A million million: 1 followed by twelve zeros
management
/ˈmænədʒmənt/nounMeaning: Administration; the use of limited resources combined with forecasting, planning, leadership and execution skills to achieve predetermined specific goals.
Easy meaning: Administration
Example: Excellent time management helped her succeed in all facets of her life.
crossed
/kɹɑst/verbMeaning: To make or form a cross.
Easy meaning: To make or form a cross.
Example: They managed to cross a sheep with a goat.
portfolio
/-əʊl.jəʊ/nounMeaning: A case for carrying papers, drawings, photographs, maps and other flat documents.
Easy meaning: A case for carrying papers
Example: I would like to introduce you to our portfolio of services.
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