The world’s largest sovereign wealth fund has announced its financial report.
Norway’s sovereign wealth fund is the largest sovereign wealth fund in the world.
The fund’s income from oil has been the basis for its operations, supported by national capital, preserved, and made profitable.
The fund’s investment portfolio includes a wide range of shares in industries, mines, and various companies. Reports on the fund’s performance in different sectors have always been highly attractive to analysts. The fund has released its first half-year report for 2024.
The fund’s profit in this period has reached $138 billion, bringing the total value of the fund to about 15 times this amount. The high income and profits of this fund have mainly come from successful investments and timely buying and selling in the stock market, especially in technology company shares. Interestingly, in line with recent global trends, investment returns in clean energy industries in the fund’s portfolio have also decreased.
However, the performance outlook of this fund in the future is positive. The fund managers and policymakers planning its investments have demonstrated their ability to adapt to different conditions and have shown significant self-confidence.
The conditions are so favorable that the multimillion-dollar losses the fund faced a few months ago due to administrative errors and incorrect recording of figures in capital turnover files were met by officials with composure, as if nothing important had happened. The study of this fund’s activities will be interesting for conscientious Iranian experts.
Iran’s national capital has been lost in recent years due to sanctions and lack of access to global capital markets, falling into the hands of sanctioned traders.
Persian
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