Norway's oil fund, one of the biggest investors in the world, rose in value by 13.4% last year, its second-best performance ever.
The central bank said the fund's investments in shares jumped by 18.1% in 2012, boosted by soaring equity indexes around the world.
It is now worth 3.8tn krone (£450bn; $670bn), up from 3.3tn krone in 2011.
Norway's fund invests the money from its huge oil industry in the nation's future.
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