Norway’s $1.4 Trillion Wealth Fund Returns 10% on Tech Surge
- Gains were driven by equities while fixed income lagged
- First-half report was due to be published Wednesday morning
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Norway’s $1.4 trillion sovereign wealth fund returned 10%, or $143 billion, in the first half, indicating it’s back on track following one of the worst years in its history.
The manager of Norway’s oil and gas riches gained just under 14% on equities in the six months through June, while fixed-income investments returned 2.3%, according to the report posted on its website late on Tuesday. Unlisted real estate holdings were down 4.6%. The fund’s report was set to be released Wednesday.