Funds

World’s largest sovereign wealth fund posts $110 billion in Q1 profit


The facade of Norway’s central bank, also known as Norges Bank, in Oslo, Norway.

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Norway’s giant sovereign wealth fund on Thursday reported first-quarter profit of 1.21 trillion kroner ($109.9 billion), supported by robust returns on its investments in technology stocks.

“Our equity investments had a very strong return in the first quarter, particularly driven by the tech sector,” Trond Grande, deputy CEO of the fund, said in a statement.



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