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Norway's Asset Fund Returns $ 180 Billion
The Norwegian asset fund posted a record $ 180 billion in 2019, driven by the rally in the stock markets.
Yazar: Zack Smith
Yayınlanma: 29 Şubat 2020 12:35
Güncellenme: 7 Kasım 2024 15:08
The Norwegian asset fund posted a record $ 180 billion in 2019, driven by the rally in the stock markets.
The Fund generated 1.69 trillion crowns ($ 180 billion) in the period in question, at 19.9 percent. Shares in the fund increased by 26 percent, bonds by 7.6 percent and the value of real estate rose by 6.8 percent.
As of last year, the distribution of the portfolio was 70.8 percent stocks, 26.5 percent fixed income securities and 2.7 percent in real estate investment.
In terms of the fund's history, 2019 will take its place in books. It has been 50 years since Norway discovered oil, and the size of the fund has exceeded 10 trillion crowns.
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