Norway's Giant Savings Fund Bounces Back with Record Returns

Norway's national savings fund earned 9.4% in the first half of 2026 — a record 1,753 billion kroner, per the fund's 12 August report. That reverses a $68 billion loss early in the year when tech stocks fell. Since 1998, the fund has averaged 6.64% per year, so this six-month result is strong by historical standards.