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Top related persons:
Nicolai Tangen - 2 NBIM's Tangen - 2 — - 1 Tangen - 1 CNBC's - 1
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Norges Bank Investment Management - 2 Fund - 1

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☆ World's largest sovereign wealth fund posts $138 billion in first-half profit as AI demand boosts tech
  + stars: | 2024-08-14 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com   time to read: +2 min
Norway's massive sovereign wealth fund on Wednesday posted first-half profit of 1.48 trillion kroner ($138 billion), primarily driven by robust returns on its investments in technology stocks. The so-called Government Pension Fund Global — the world's largest sovereign wealth fund — said it had a value of 17.75 trillion kroner at the end of June. Norway's sovereign wealth fund said its equity portfolio posted a return of 12.5% through the first half of the year, while its fixed income and unlisted real estate portfolios incurred marginal losses. It said higher capital costs had adversely affected the value of investments in the period from January to June. One of the world's largest investors, Norway's sovereign wealth fund was established in the 1990s to invest the surplus revenues of the country's oil and gas sector.
Persons: —, Nicolai Tangen, Tangen, NBIM's Tangen Organizations: Fund, Norges Bank Investment Management, Reuters
☆ ‘A real wildcard’: World’s largest wealth fund issues inflation warning on hot commodity markets
  + stars: | 2024-04-24 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com   time to read: +1 min
The chief executive of the world's largest wealth fund says there are many wild cards in financial markets right now, but the "big worry" for investors is what a commodities rally could mean for the inflation outlook. Oil and copper prices have climbed around 13%, respectively, year-to-date, while gold has repeatedly notched fresh record highs in recent months. Asked whether he had any concerns about hot commodity markets, NBIM's Tangen replied, "Yes, the big worry is just what that could mean for inflation right?" He added, "So, if energy and raw material prices continue to move up, that is going to feed through to end-product prices, which are going to be higher. And that could be the real wildcard when it comes to inflation expectation."
Persons: Nicolai Tangen, CNBC's, NBIM's Tangen Organizations: Norges Bank Investment Management
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