The fund was set up as a vehicle to invest abroad the of massive proceeds of Norway’s oil and gas sales during a period when oil prices were at an all time high. The country's legislature decided to the fund was necessary to counter the effects of the a potential decline in income from oil and gas and to smooth out the disruptive effects of highly fluctuating oil prices.
value of the fund in early 2017. The annual revenues it generates now regularly exceed income from oil sales.
Number of companies in 78 countries that the fund has stakes in. Its largest holdings are in Alphabet, Apple, Microsoft and Nestlé.
Percentage of all listed shares in Europe that in owns.
Percentage of all globally listed shares that it own.
Theoretically, the worth of each citizen in the country based on the valuation of this fund alone, as of Sep 2017.
Value of the fund on 19 Sep 2017, the first time it has crossed 1 trillion.