economy
February 27, 2026
World's largest sovereign wealth fund's bets on Big Tech and banking drive gains
Norges Bank Investment Management manages the world's largest sovereign wealth fund.
TL;DR
- Norway's $2 trillion oil fund generated a 15.1% return last year, equivalent to about $248 billion.
- Strong gains in global equities, especially U.S. technology and financials, were major contributors.
- Investments in renewables infrastructure also showed positive developments.
- The fund's value reached approximately $2.2 trillion at the end of last year.
- NBIM is now using AI, specifically Anthropic's Claude model, to screen investments for ethical issues.
- Equities, making up over 71% of the fund, returned 19.3%, while renewable energy infrastructure returned 18.1%.
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