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Norway’s Wealth Fund Gained $53 Billion in 2016

Norway’s Wealth Fund Gained $53 Billion in 2016

Norway’s sovereign wealth fund gained $53 billion in 2016 after stocks rallied in the election of Donald Trump. The government pension fund global returned 6.9% in 2016. The fund benefited from a rally in equities during that fourth quarter after election of Donald Trump.

“Norway’s sovereign wealth fund gained $53 billion in 2016.”

~ Bloomberg

At the end of 2016, the fund had 62.5 percent of its capital in equities, 34.3 percent in fixed income and 3.2 percent in real estate. The return in 2016 beat the mark set by the Finance Ministry by 0.1 percentage point.

Related Report: Bloomberg

 


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