Via: DOW JONES NEWSWIRES
Norway’s government pension fund, which invests income generated from the oil-rich country’s petroleum sector, is now the world’s largest sovereign wealth fund.
A report from advisory and consulting firm Monitor Group, published June 7, states that Norway’s Government Pension Fund Global has assets under management amounting to $560.5 billion, ahead of $342 billion held by Abu Dhabi Investment Authority.
Revenues in the fund consist of the Norwegian government’s total income from petroleum activities, and the return on the fund’s investments.
Compare this to the United States where our pension funds are becoming worthless and we shriek in terror when the word nationalize is uttered