The World’s Biggest Wealth Fund Hits $1 Trillion
- Fund has ballooned in size since first cash injection in 1996
- Fund manages oil wealth for future generations of Norwegians
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Norway’s sovereign wealth fund hit $1 trillion for the first time on Tuesday, driven higher by climbing stock markets and a weaker U.S. dollar.
The milestone valuation was reached for the first time on Sept. 19 at 2:01 a.m. in Oslo, Norges Bank Investment Management said in a statement on Tuesday.