World Economy

Norway Fund Doubles

Norway Fund DoublesNorway Fund Doubles

Norway’s sovereign wealth fund, the biggest in the world, has nearly doubled in three years, Markets Spector quoted the central bank as saying. The result would make all 5.2m Norwegians millionaires – at least on paper. The fund comprised of stocks, bonds and property from around the world returned 7.6% in 2014, ending the year at 6.431b kroner ($904.8m).