Norway’s sovereign wealth fund had its best quarter since late 2023, returning 6.4% in Q2 driven by stock-market gains. The $1.9 trillion fund saw equities generate 8.45% returns, infrastructure investments at 8.1%, and small contributions from fixed income and real estate. The fund owns 1.5% of global listed stocks, with most holdings in equities outside Norway. Financial firms returned 16.5% in the first half, with European banks leading the way. A stronger currency led to a 0.8% drop in the fund’s overall value to 19.6 trillion kroner. The fund is following benchmark indexes and recently divested from Israeli firms due to public outcry. CEO Nicolai Tangen has no plans to step down despite the controversy.

Read more at Yahoo Finance: Norway’s $1.9 Trillion Fund Has Best Quarter Since 2023