Norway's sovereign wealth fund has surpassed the $XNUMX trillion mark for the first time since its inception. This was announced by the Norwegian Central Bank, the institution that controls the fund itself.
This level of valuation, explained the Monetary Authority of Oslo, represents a per capita value of 189 dollars for the country's 5,3 million inhabitants.
Factors such as the appreciation of the main world currencies against the dollar and the excellent performance on the Stock Exchange, where 65,1% of the portfolio is located, above all allowed the Fund to cross the symbolic threshold.
Created in the early 90s to make the Scandinavian country's oil revenues profitable, the Norwegian sovereign wealth fund now holds stakes in around 9 companies and is the main vehicle of this type worldwide.
