Norway's $1.8 trillion sovereign wealth fund, the world's largest, reported on Wednesday a record annual profit of 2.51 trillion crowns ($222 billion), driven by last year's tech rally.

Norway’s sovereign wealth fund last year returned 13%, or $222 billion, but missed its self-imposed target for the second year in a row despite gains from the booming US technology sector.

CEO of NBIM Nicolai Tangen said the robust stock market had helped the fund to generate good returns, particularly the performance of US technology stocks, reported CNBC. Even dep