Market Extra: Norway’s sovereign-wealth fund has $50 billion in shares on its shopping list

Norway’s sovereign-wealth fund is making good on its promise to invest more money in equities, its quarterly report showed Tuesday.

Between year-end 2016 and June 2017, the fund raised its stock exposure by 2.6%. But if you’re Norway, that amounts to 208.52 billion kroner ($26.34 billion), more than its second-quarter returns.

The fund is the largest of its kind in the world with assets under management worth 8.02 trillion kroner ($1.013 trillion). Created on the back of the Scandinavian country’s oil riches to provide tNorwegians with a pension, it outstrips its Middle Eastern oil-fueled counterparts in size.

In the second quarter of 2017, the fund returned 202 billion kroner ($25.5 billion).

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