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25-07-2024, 02:56 AM
Comparing to Norwegian SWF
World’s largest sovereign wealth fund posts $110 billion in first-quarter profit as tech stocks surge
PUBLISHED THU, APR 18 2024 5:04 AM EDT
KEY POINTS
"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.
The so-called Government Pension Fund Global, the world's largest sovereign wealth fund, said it had a value of 17.7 trillion kroner ($1.6 trillion) at the end of the March.
One of the world's largest investors, Norway's sovereign wealth fund was established in the 1990s to invest the surplus revenues of the country's oil and gas sector.
World’s largest sovereign wealth fund posts $110 billion in first-quarter profit as tech stocks surge
PUBLISHED THU, APR 18 2024 5:04 AM EDT
KEY POINTS
"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.
The so-called Government Pension Fund Global, the world's largest sovereign wealth fund, said it had a value of 17.7 trillion kroner ($1.6 trillion) at the end of the March.
One of the world's largest investors, Norway's sovereign wealth fund was established in the 1990s to invest the surplus revenues of the country's oil and gas sector.
