Boosted by tech stocks, Norway wealth fund earns $123 billion in 2020

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Norway's $1.3 trillion sovereign wealth fund, the world's largest, earned a return on investment of 1.07 trillion Norwegian crowns ($122.7 billion) in 2020, the second highest in its 25-year history, it said on Thursday.

OSLO - Norway’s $1.3 trillion sovereign wealth fund, the world’s largest, earned a return on investment of 1.07 trillion Norwegian crowns in 2020, the second highest in its 25-year history, it said on Thursday.

“Despite the pandemic having put its mark on 2020, it has been yet another good year for the fund,” Central Bank Governor Oeystein Olsen said in a statement. The fund is managed by a unit of the central bank. The return on investment was 10.9% last year, 0.27 percentage points higher than the return on the fund’s benchmark index.

“Technology companies had the highest return in 2020, with a return of 41.9%,” fund CEO Nicolai Tangen said in a statement.

 

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And this without short selling I guess:))

Pretty sure denmark owns like 2.4% of gamestop rn

But have they gone long deep out of the money call on $GME ?

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