Norway's Sovereign Wealth Fund Earns USD180B !

[TerrexLee]

It was reported yesterday (27 Feb) that Norway’s sovereign wealth fund made a 19.9% return on investment last year, earning a record 1.69 trillion Norwegian crowns (US$180 billion). The US$1.1 trillion fund’s return for the year was stronger than that of its benchmark index, it added. “2019 has been a very good year for the …

https://www.theonlinecitizen.com/20...t-year-while-gic-wont-provide-annual-returns/

 

[Froggy]

I am very sure our GIC and Temasek did much better than 19.9%

 

[Charlie99]

I am very sure our GIC and Temasek did much better than 19.9%

I do not believe that the funds invested by Singapore's GIC and Singapore's Temasek Holdings is any where close to the stellar returns of the Norwegians.

 

[eatshitndie]

buy high sell low strategery should see gic and temasick buying when dow hits 29k and selling when it dives below 26.9k.

 

[winnipegjets]

I am very sure our GIC and Temasek did much better than 19.9%

GIC and Temasick returns definitely higher, judging by the happiness shown by Pinky and Jinx.

 

[poore]

wow if sg, 36k for each sinkie

 

[Leongsam]

Norway is also experiencing a PMD boom and Oslo achieved zero pedestrian and cyclist deaths last year thank to the efforts to ban car use in many areas.

 

[JohnTan]

Norway is also experiencing a PMD boom and Oslo achieved zero pedestrian and cyclist deaths last year thank to the efforts to ban car use in many areas.

Singapore is experiencing a bicycle boom and having zero PMD accidents after banning the PMDs.

 

[Leongsam]

Singapore is experiencing a bicycle boom and having zero PMD accidents after banning the PMDs.

Yes but 120 people a year are killed on the roads.

 

[JohnTan]

Yes but 120 people a year are killed on the roads.

It's usually the poor people getting killed. So it's not a big deal.

 

[Leongsam]

It's usually the poor people getting killed. So it's not a big deal.

I have to agree with you there. As long as those that are killed are insignificant and are more of a liability than an asset to the state it is actually advantageous to exterminate a handful every year.