Norway’s wealth fund earns $143 bln in H1 of 2023

Oil producer Norway’s sovereign wealth fund, the world’s largest single stock market investor recorded a profit of $143 billion in the first half of 2023, the country’s central bank said on Tuesday.

The performance, lifted by the financial markets, represented a return of 10 percent and helped boost the fund’s value to 15,299 billion kroner (€1,332 billion) at the end of June.

The manager of Norway’s oil and gas riches gained just under 14 percent on equities in the six months through June, while fixed-income investments returned 2.3 percent, according to the report posted on its website.