Norway’s Sovereign Wealth Fund strengthens with technology investments
Associated media - Linked media Norway’s Government Pension Fund Global, the world’s largest sovereign wealth fund, has reported a staggering $138 billion profit for the first half of the year. This robust performance was primarily driven by strong returns on technology stocks, as investors flocked to the sector amid the burgeoning artificial intelligence (AI) revolution. The fund’s equity portfolio delivered an impressive 12.5% return, underscoring the impact of AI-related investments on its overall performance. However, the fund also faced challenges in other sectors, with its unlisted renewable energy infrastructure portfolio reporting a negative 17.7% return due to rising capital costs.…
