US EditionNorway sovereign wealth fund earned $103 billion in Q3
- OSLO, OCT 29: Norway's sovereign wealth fund posted a 1.03 trillion kroner return in the third quarter, boosted by holdings in raw materials, telecoms and the financial sector, NBIM said.
- Norges Bank Investment Management manages the fund on behalf of the Norwegian population, investing across 70 countries, with the Government Pension Fund Global valued at 20.4 trillion kroner at end-September.
- Asset-Class breakdown shows fixed income at 1.4% and real estate at 1.1%, with fixed income and unlisted real estate making up 26.6% and 1.8% respectively.
- Capital inflows reached 81 billion kroner after costs, the Norwegian krone appreciated 0.7% against the U.S. dollar, and the fund announced a $543 billion Manhattan office tower investment.
- U.S. stocks account for almost 40% of equity investments, including Meta, Alphabet, Amazon, Nvidia and Microsoft, but NBIM said the return was 0.06% below the benchmark amid tech megacap volatility.
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Norway's sovereign wealth fund earns $103 billion in three months
Norway's sovereign wealth fund, the world's largest, posted a return of 1.03 trillion kroner ($103 billion) in the third quarter, boosted by holdings in raw materials, telecoms and the financial sector, it said on Wednesday.
Norway's sovereign wealth fund, the largest in the world, recorded a profit of €88 billion in the third quarter, driven by strong stock yields in raw materials and finance.
Norway Sovereign Wealth Fund Says Earned $103 Bn In Q3
Norway's sovereign wealth fund, the world's largest, posted a return of 1.03 trillion kroner ($103 billion) in the third quarter, boosted by holdings in raw materials, telecoms and the financial sector, it said Wednesday.
Norway's sovereign wealth fund, the largest in the world, won NOK 1032 billion (82.2 billion) in the third quarter, drawn by its equity interests in raw materials, telecoms and finance, he announced on Wednesday.
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