Nicolai Tangen, CEO of Norges Bank Investment Management, at the World Economic Forum in Davos, Switzerland, on Jan. 22, 2025.
Stefan Wermuth | Bloomberg | Getty Images
Norway’s sovereign wealth fund — the largest of its kind in the world — posted full-year profit of 2.5 trillion kroner ($222.4 billion) on Wednesday, fueled by a tech rally.
Its return on investment came in at 13% for the year, 45 basis points lower than the return on the fund’s benchmark index.
This breaking news story is being updated.
