World’s biggest sovereign wealth fund still upbeat on big tech

Norway’s wealth fund remains positive on US tech giants.

Norges Bank Investment Management CEO Nicolai Tangen | Photo: Tony Colli/PR

Norway’s USD 1.3trn wealth fund is still positive about the US technology giants, even after the sector led the investor to a record loss.

“The US tech companies would typically be amongst our top 10 holdings and we continue to think they’re well positioned,” Norges Bank Investment Management CEO Nicolai Tangen said in an interview on Bloomberg TV.

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