Norway's oil fund delivered strong growth in 2016, rebounding from a weaker performance a year earlier, according to Norges Bank Investment Management's (NBIM) latest annual report.
Published today (February 28), the report shows the fund returned 6.9% in 2016, an increase of Nkr447 billion ($53 billion). The return in 2015 was 2.7%.
Equity investments, which accounted for 62.5% of the fund in December, returned 8.7%. Fixed income returned 4.3% and real estate 0.8%. The fund had a market value