Norwegian Sovereign Wealth Fund Surges with Tech Stocks

Norway's $1.7 trillion sovereign wealth fund, currently the largest in the world, reported a profit of 1.48 trillion Norwegian crowns ($138 billion) in the first half of the year. The profit was significantly driven by investment in tech stocks, according to the fund's latest release.

Norway's $1.7 trillion sovereign wealth fund, the largest globally, revealed a profit of 1.48 trillion Norwegian crowns ($138 billion) for the first half of the year.

This remarkable profit margin was primarily attributed to investments in tech stocks, as stated in the fund's recent announcement on Wednesday.

With $1 equating to 10.7122 Norwegian crowns, this substantial increase highlights the potency of tech sector investments in bolstering the fund's overall value.

(With inputs from agencies.)