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Norwegian fund invests 677.6M in Kuwait
The Norwegian Sovereign Wealth Fund achieved record profits exceeding $184 billion during the first half of 2026, driven primarily by gains from Asian tech stocks. Its global investments, totaling $2.394 trillion across 67 countries, include a $677.61 million stake in Kuwait. Most of its profits came from the surge in Asian technology equities, boosting its investment return to 9.4%. The fund holds substantial stakes in major international companies, including 0.05% in SpaceX, 1.3% in Nvidia valued at approximately $61.8 billion, and 1.2% in Apple valued at $52.7 billion as of June 30. The fund is managed by the Norwegian Investment Fund (NBIM), established to invest the proceeds from oil and gas exports. It owns about 1.5% of global equities, with strong performance driven by Asian tech stocks, which constitute more than two-thirds of its investment portfolio. In addition, it invests in fixed income instruments, real estate, and renewable energy infrastructure.
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