Norway's sovereign wealth fund

Last Modified: Thu Sep 21 2017 21:54:55 GMT+0530 (India Standard Time)
  • 1990
    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.
  • $915 billion
    value of the fund in early 2017. The annual revenues it generates now regularly exceed income from oil sales.
  • 9,000
    Number of companies in 78 countries that the fund has stakes in. Its largest holdings are in Alphabet, Apple, Microsoft and Nestlé.
  • 2%
    Percentage of all listed shares in Europe that in owns.
  • 1.3%
    Percentage of all globally listed shares that it own.
  • $190,000
    Theoretically, the worth of each citizen in the country based on the valuation of this fund alone, as of Sep 2017.
  • $1,000,000,000,000
    Value of the fund on 19 Sep 2017, the first time it has crossed 1 trillion.