Norway's sovereign wealth fund, valued at $1.8 trillion, is successful due to a unique political consensus, according to CEO Nicolai Tangen.
Tangen explained in an interview with Bloomberg TV that the fund's investment philosophy remains consistent regardless of changes in government, setting it apart from other countries exploring different investment strategies.
This unwavering approach has been crucial to the fund's performance, allowing it to adapt to political shifts without altering its core strategies.
The rare political unity in Norway is seen as a significant advantage in maintaining the fund's long-term objectives and stability in the financial markets.