Norwegian State Investment Fund worth 1.8 trillion in the world, reported on a Wednesday on a record annual profit of 2.51 trillion crown ($ 222 billion), fueled by the current growth of the technological sector.
This is the second year in a row with record annual profits, surpassing 2.2 trillion crowns earned in 2023. years.
“American technological actions have been particularly well operated,” Nicolai Tangen, CEO of Norges Bank Investment Management (NBIM), Fund Manager, Reuters.
The Fund, which invests Norwegian state revenues from oil and gas production, is one of the world’s largest investors, who on average it has 1.5 percent of all listed shares around the world.
It also invests in bonds, real estate and renewable energy sources.
Nine out of the ten largest ownership shares in the Fund in late 2024. were technological companies, with the leading trio of Apple Inc., Microsoft and Nvidia.
Refund on the investments of the Fund in 2024. It was 13 percent for the year, which is 0.45 percentage points lower than return to its reference index.
Inflow from the Norwegian state to the Fund in 2024. amounted to 402 billion kroner, which is less than the record set in 2022. from almost 1.1 trillion crown.
The return on the action investment was 18 percent, investments with fixed revenue generated 1 percent, a negative refund of 1 percent have recorded a non-liquid infrastructure of renewable energy had a refund of minus 10 percent, cited by NBIM.
At the end of the year, 71.4 percent of the fund’s assets were deployed in actions, which is rise from 70.9 percent in 2023, bonds fell to 26.6 percent with 27.1 percent, unclaimed real estate have fallen to 1.8 percent from 1.9 percent, and renewable infrastructure represented 0.1 percent of investment, unchanged compared to the previous year.
(Vijesti.ba)
