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Norway wealth fund earns $177 billion in 2021 -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: This photo shows a general view of Oslo’s Norwegian Central Bank, which is the location of Norway’s sovereign fund. It was taken March 6, 2018 in Oslo. REUTERS/Gwladys Fouch/File photo

OSLO (Reuters – Norway’s sovereign wealth funds, which are the most powerful in the world, reported on Thursday that they earned a return for investment of 1.58 trillion Norwegian Crowns ($177 billion). The largest boost came from technology stocks.

The fund returned 14.5% on its investment over the past year at $1.3 trillion, which is 0.74 percentage point more than the benchmark index return.

($1 = 8.9498 Norwegian crowns)

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