RateCaptain
  • FX Rates
  • Commodities
  • Money Market
  • Cryptocurrency
  • Corporates
  • Contact Us
No Result
View All Result
Subscribe
  • FX Rates
  • Commodities
  • Money Market
  • Cryptocurrency
  • Corporates
  • Contact Us
No Result
View All Result
Rate Captain
No Result
View All Result
Home Markets

No. 1 Wealth Fund Makes $110 Billion As Market Ascends

Rate Captain by Rate Captain
August 18, 2021
in Markets
Reading Time: 2 mins read
A A
0
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

AlsoRead

FIRS to publicly name and shame tax defaulting states, local governments

MTN Nigeria now more valuable than all Nigerian Banks combined

Ecobank Plc on the Path To Recovery as it Records Profit of N38 billion in Q1 2022

Norway’s $1.4 trillion sovereign wealth fund, the world’s biggest, generated a 9.4% return in the first half of the year after its investments in energy, finance and technology companies helped drive double-digit gains in its stock portfolio.

The Oslo-based fund returned almost 14% on stocks, with energy investments up nearly 20%, it said on Wednesday. Investments in bonds and renewable energy infrastructure slipped, while real-estate holdings added 4.6%. Overall, its total return was marginally higher than that of the benchmark against which it measures itself.

Chief Executive Officer Nicolai Tangen, a former hedge-fund manager who’s been running Norway’s giant sovereign investment vehicle for almost a year, has previously cautioned against expecting continued bumper returns. Earlier this week, he said that inflation is now emerging as the biggest threat to returns with both stocks and bonds potentially vulnerable. That’s amid an ongoing debate as to whether price growth is “transitory” or becoming more entrenched. U.S. inflation has been above 5% for the past two months, the highest in over a decade.

Running Hot

Prices are up, though the climb looks less steep over a 2-year period

 

Since Tangen started as CEO, Norway’s wealth fund has spoken more publicly of a commitment to sustainability. The investor plans to step up the pace at which it offloads companies that pose a risk when viewed through an environmental, social or governance lens. It will also limit its exposure to emerging markets as part of the same strategy.

Meanwhile, the fund has been pushing through a broader shift in its weighting to favor North America over Europe, in pursuit of higher returns. On Wednesday, it revealed a 16.8% increase in the value of its technology holdings, which are dominated by stakes in Apple Inc., Microsoft Corp., Alphabet Inc. and Amazon.com. Inc.

Created in the 1990s to invest Norway’s oil and gas revenues abroad, the fund delved into renewable infrastructure for the first time earlier this year. The move represents a landmark expansion of the list of the fund’s asset classes, which had been limited to stocks, bonds and real estate.

Previous Post

Naira Gains at Forex Official Market as Foreign Reserve Declines

Next Post

HDFC Bank Looks Abroad for Risky Bond Sale After India Clampdown

Related News

FIRS to publicly name and shame tax defaulting states, local governments

FIRS to publicly name and shame tax defaulting states, local governments

by Rate Captain
June 1, 2022
0

The Federal Inland Revenue Service (FIRS) has stated that it will commence the process of enforcement and recovery of unremitted tax deductions...

MTNN Share Price gains 1.21% after CBN granted the final approval of its MoMo PSB

MTN Nigeria now more valuable than all Nigerian Banks combined

by Rate Captain
May 23, 2022
0

is now worth N5 trillion making it more valuable than all banks, insurance companies, and the entire financial services companies...

Ecobank Plc on the Path To Recovery as it Records Profit of N38 billion in Q1 2022

Ecobank Plc on the Path To Recovery as it Records Profit of N38 billion in Q1 2022

by Rate Captain
April 28, 2022
0

Ecobank P2lc has released its Q1 2022 financial result. The result revealed that the bank made a profit of N38.3...

Twitter Investor is Suing Elon Musk, Here is Why

by Rate Captain
April 13, 2022
0

A Twitter investor has filed a lawsuit against billionaire Elon Musk in federal court in Manhattan. The investor launched the...

Next Post

HDFC Bank Looks Abroad for Risky Bond Sale After India Clampdown

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Why Bitcoin investor are  under water

Why Bitcoin investor are under water

June 23, 2022
What caused Celsius Price Skyrockets by 400%.

What caused Celsius Price Skyrockets by 400%.

June 23, 2022

Popular Story

  • Interpol, Kenya Government Probe Three Nigerian Fintech Tycoons over N128 Billion from Nigeria

    Interpol, Kenya Government Probe Three Nigerian Fintech Tycoons over N128 Billion from Nigeria

    0 shares
    Share 0 Tweet 0
  • Market Capitalization Of Tier 1 Banks Depreciate By 2%

    0 shares
    Share 0 Tweet 0
  • Bitcoin Whale Moves Over $600,000,000 in BTC

    0 shares
    Share 0 Tweet 0
Rate Captain

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • FX Rates
  • Commodities
  • Money Market
  • Cryptocurrency
  • Corporates
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • FX Rates
  • Commodities
  • Money Market
  • Cryptocurrency
  • Corporates
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.