Norway’s SWF Touches a Trillion USD in Assets
UPDATED – September 17, 2017
The wealth fund’s administrators said the fund officially hit US$ 1 trillion on September 19, 2017 at 2:01 a.m. local time.
“I don’t think anyone expected the fund to ever reach 1 trillion dollars when the first transfer of oil revenue was made in May 1996. Reaching 1 trillion dollars is a milestone, and the growth in the fund’s market value has been stunning”, said Yngve Slyngstad, chief executive officer at Norges Bank Investment Management in a September 19th statement.
September 12, 2017 – Story
Norges Bank Investment Management (NBIM) tracks the Norway’s Government Pension Fund Global (GPFG) assets live off its website.
The wealth fund touched US$ 1 trillion (7.818 trillion NOK) in capital on September 12, 2017.
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