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Norway Pension Fund surpasses US $ 1,091 billones for the first time Norges Bank



The world's largest sovereign, it has surpassed the $ 1,091 billion market value for the first time.

According to EFE, for this reason the market value of the Norwegian Pension Fund is over US $ 1,101 billion, according to Norges Bank Investment Management, the central bank unit of Norway in charge of managing it.

The fund was created in 1990 to store part of the inflows from North Sea oil, and its first transfer in 1996 and since 1998, the fund has generated a 5.9% return, equivalent to $ 510,712 billion. It currently invests broadly in some 9,000 companies from seventy countries.

But the inflows coming from the Government amount to $ 370,650 billion, the rest of the fund's value corresponds to the evolution of the Norwegian currency.

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