Norways state pension fund has topped the United Arab Emirates Abu Dhabi Investment Authority (ADIA) to become the largest sovereign wealth fund in the world, a US consultancy said.
The fund, which contains nearly all state revenues from the oil sector in Norway, was worth $560.5 billion (387.1 billion euros) against the $342 billion for Abu Dhabis fund, consulting firm Monitor Group said in a report dated June 7.
Comparisons between funds remain complicated as the ADIA does not give regular performance reports while the Norwegian fund publishes its results quarterly.
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