Norway’s Sovereign Wealth Fund Holds CHF 35 Billion in Swiss Investments

In a recent announcement, Norges Bank CEO revealed that the Norwegian sovereign wealth fund has investments in Switzerland amounting to CHF 35.5 billion ($39 billion). The fund's largest investment in Switzerland is in UBS, where Norges holds a stake of less than 5%. Additionally, Norges Bank had a stake in Credit Suisse, which was later acquired by UBS.


Norway's Sovereign Wealth Fund Holds CHF 35 Billion in Swiss Investments

Norges Bank, as Norway's central bank, manages a total of $1.6 trillion in assets. Tangen reported that in the first quarter of 2024, inflows into the fund reached NOK 100 billion (CHF 8.4 billion), aligning with the average quarterly inflows from the previous year. These funds primarily stem from the proceeds of gas and oil sales by the Norwegian state.

The Norwegian sovereign wealth fund's significant investments in Switzerland underscore its strategic diversification and long-term financial planning. With a substantial portfolio in UBS and other Swiss entities, Norges Bank continues to navigate global markets with a focus on sustainable growth and stability.

Norway’s Sovereign Wealth Fund Holds CHF 35 Billion in Swiss Investments


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