Norway’s sovereign wealth fund gains more than £90bn during 2020
Central bank stimulus pushes up value of shares, taking fund to £923bn – equal to £170,000 for each Norwegian
Norway’s sovereign wealth fund earned more than £90bn during 2020, as the wave of central bank stimulus provided to counter the effects of the coronavirus pandemic pushed up the value of shares and other assets.
The fund, built with the revenues from its oilfields, gained 10.9% in value during the year, Norway’s central bank said on Thursday. The total gain was worth 1.07tn kroner (£91bn).
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