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By Ivaylo MARKOV, Managing Partner of Thales Capital
The Norwegian State Pension Fund (also known as the Petrol Fund), which is the largest such fund in the world, makes a profit of NOK 2.222 billion (USD 213 billion) in 2023. In other words, the fund earned a return of 21.3% on its investments in equities, a return of 6.1% on its investments in fixed income instruments, and a return of 3.7% on its investments in renewable energy. At the same time, the fund lost 12.4% on its investments in real estate.
"Despite high inflation and geopolitical turmoil, the stock market was very strong in 2023 compared to a weak 2022. More precisely, the tech companies performed very well," comments N?rg?? B?nk ?nv??tm?nt M?n?g?m?nt's CEO, Nikolay Tang?n. The...
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