
Norway’s $2.2 Trillion Sovereign Wealth Fund Delivers $240 Billion Return as Renewables Rebound
Norway’s Government Pension Fund Global, the world’s largest sovereign wealth fund, closed 2025 with one of the strongest performances in its history, reinforcing the power of scale, patience, and disciplined leadership in a volatile global economy. Managed by Norges Bank Investment Management, the fund generated a return of roughly 15














