🇳🇴Norway Wealth Fund’s Giant Stock Portfolio Beats Benchmark Index: BBG

• Norges Bank Investment Management returned 6.6% on its equity holdings, which made up just over 73% of the total $1.32 trillion portfolio

• In total, the fund returned 4%, or 382 billion kroner ($45.7 billion), in the first quarter. The appreciation of the krone, the best-performing G-10 currency this year, shaved 178 billion kroner off its overall value in the quarter.

• The fund, which is only allowed to invest in non-Norwegian assets, beat its benchmark by 24 basis points. Its stock portfolio also topped the 4.5% increase in the MSCI World index

• The fund lost 3.2% on its fixed-income investments last quarter, and made 1.4% on its real estate holdings.