Norway's Wealth Fund Posts $107 Bln First Quarter Gain

Revenues from the huge oil and gas industry go into Norway's soveriegn wealth fund, now worth a massive $1.6 trillion (Credit: AFP)

Norway's sovereign wealth fund, the world's largest, posted a gain of more than $100 billion in the first quarter amid the global stock market recovery, it said Thursday.

The fund -- fuelled by the Norwegian state's oil and gas revenues -- saw a return of 6.3 percent in the first three months of the year.