Norway’s sovereign wealth fund hits $1 trillion valuation for first time ever

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Norway’s sovereign wealth fund owns about 1.3 per cent of all listed stocks globally and about 2.3 per cent of all stocks listed in Europe

The value of Norway’s sovereign wealth fund, which is the world’s largest, has hit the equivalent of $1 trillion for the first time in history.

Experts on Tuesday said that the value of the fund had been bolstered by rising global stocks and a strong performance of the euro.

Norway 2b LLLLMajor stock markets around the world hit fresh record highs this week, spurred by a perceived easing in geopolitical tensions and indications that the damage caused by Hurricane Irma may not have been as bad as initially

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