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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Norway’s sovereign wealth fund books $30 bln profit in third quarter

Posted on 10 October 2016

Norway’s $882-billion sovereign wealth fund, the world’s biggest, returned a profit in the third quarter thanks to strong stock markets, it said on Friday. The fund earned a return of 4.0 percent in the quarter, or 240 billion Norwegian crowns ($29.7 billion), beating its benchmark by 0.2 percentage points. In the second quarter the fund booked a profit of 1.3 percent.
“Equity investments performed strongest during the quarter with positive returns in all regions. This was the main contributor to the fund’s results,” the fund’s deputy chief executive, Trond Grande, said in a statement…………………………………….Full Article: Source


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