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Norway’s sovereign wealth fund last year returned 13%, or $222 billion, but missed its self-imposed target for the second year in a row despite gains from the booming US technology sector.
Norges Bank Investment Management — the official name of the $1.8 trillion fund — saw investments in equities gain 18% in 2024, it said in a statement on Wednesday. After the value of real estate holdings fell, the fund missed the benchmark it measures itself against by 45 basis points, it said.
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