Big player: Visitors enter the headquarters of Norges Bank, Norway’s central bank, in Oslo. Financial stocks make up 14.6% of its investments. ─ Bloomberg
OSLO: The world’s biggest owner of listed equities, Norway’s US$1.3 trillion (RM5.34 trillion) wealth fund, says financial firms have displaced tech stocks as the main drivers of returns.
Norges Bank Investment Management, which owns about 1.5% of global stocks, beat its benchmark index in the first quarter, and also outperformed the MSCI World Index.
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