“The fund recorded an excellent return in 2024 due to a robust stock market. US technology shares have done exceptionally well," remarked NBIM CEO Nicolai Tangen. The technology industry, as stated in a report from the Norwegian regulator's agency, achieved the highest performance in equities - 1.17 trillion kroner. The investments that yielded the highest profits were in shares of NVIDIA, Apple, Amazon, Alphabet, and Microsoft.
Tangen cautioned that this market condition “won’t endure indefinitely.”
As per GPFG, the equity investments of the fund achieved an 18% return, its fixed-income investments generated a 1% return, while its unlisted real estate investments experienced a 1% loss.
In the meantime, the fund's investments in private renewable energy infrastructure experienced a loss of 10%. The fund's performance was 45 bps lower than that of the underlying index.
source: bloomberg.com
Tangen cautioned that this market condition “won’t endure indefinitely.”
As per GPFG, the equity investments of the fund achieved an 18% return, its fixed-income investments generated a 1% return, while its unlisted real estate investments experienced a 1% loss.
In the meantime, the fund's investments in private renewable energy infrastructure experienced a loss of 10%. The fund's performance was 45 bps lower than that of the underlying index.
source: bloomberg.com