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Norway’s sovereign fund eyes long-term profit from market turmoil
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Norway’s sovereign fund eyes long-term profit from market turmoil
Business
Date posted: 22.06.2022
Category: Accounting / Financial
OSLO, June 21 (Reuters) – The recent turmoil in global financial markets represents an opportunity for Norway’s $1.2 trillion sovereign wealth fund, to profit from it much like it did during the 2008-2009 financial crisis, its deputy chief said on Tuesday.
As the world’s largest fund of its kind it owns 1.3% of all globally listed stocks as well as a portfolio of bonds, real estate and renewable projects, aiming to share the proceeds from Norway’s oil and gas industry with future generations.
Source: Reuters