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The fund noted that its 16.1% return on investments was partly attributable to the depreciation of the country's currency and the increase in the value of technology companies' stocks.
The fund's returns on equity investments were 21.3%, fixed income investments yielded 6.1%, and renewable energy assets produced 3.7%. The real estate interests lost 12.4% in the interim.
In 2023, the equities market outperformed a weak year of 2022, despite high inflation and geopolitical unrest. CEO of Norges Bank Investment Management Nicolai Tangen stated, "Technology stocks in particular have performed very well."
source: reuters.com
The fund's returns on equity investments were 21.3%, fixed income investments yielded 6.1%, and renewable energy assets produced 3.7%. The real estate interests lost 12.4% in the interim.
In 2023, the equities market outperformed a weak year of 2022, despite high inflation and geopolitical unrest. CEO of Norges Bank Investment Management Nicolai Tangen stated, "Technology stocks in particular have performed very well."
source: reuters.com
