Norwegian sovereign wealth fund says 2017 saw third-highest annual returns

Norges Bank HQ, Oslo
Norges Bank headquarters, Oslo
Espen Schive

Norway’s largest sovereign wealth fund (SWF) achieved its third-highest annual returns in 2017 as international stock markets boosted the value of its assets, its managing company said today (February 27).

Norges Bank Investment Management announced the Government Pension Fund Global (GPFG) achieved a return of 13.7% on its investments before management costs in 2017. “Management costs amounted to 0.06 percent of the fund’s capital,” said NBIM, while annual returns totalled Nkr1.03 trillion ($1

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