Norway’s SWF achieves record growth
Government pension fund expands by 20%, boosted by strong US equities markets
Norway’s sovereign wealth fund recorded its second-biggest annual growth rate in 2019, driven by rising US equities, the country’s central bank said today (February 27).
The Government Pension Fund Global (GPFG) achieved a return of 20% in 2019, the second highest in its history after the 25.6% expansion of 2009. That was an unconventional year that followed the fund’s unprecedented losses of 23.3% sustained during the financial crisis in 2008.
Last year, the fund recorded its largest annual
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