Finance

Norway Wealth Fund CEO Looks to Real Estate, Renewables

WATCH: “We can make real investments at good returns, and that is what we are doing,” Tangen says when asked about renewables.Source: Bloomberg

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By Kari Lundgren and Francine Lacqua

April 29, 2025 at 8:08 AM UTC

Updated on

April 29, 2025 at 9:52 AM UTC

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Real estate and renewable assets are becoming more attractive in the face of stock market volatility, according to the head of Norway’s $1.8 trillion sovereign wealth fund.

“The world is splitting into two and that means that we will probably see lower growth and we will see higher inflation,” Nicolai Tangen said in a Bloomberg TV interview at the fund’s office in Oslo Tuesday. “The way to behave in the market now is just to be broadly diversified and very, very long term.”