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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Norway’s $890bn oil fund returns 4% in Q3

Posted on 10 October 2016

The world’s biggest sovereign wealth fund returned to growth in the third quarter as Norway’s $890bn oil fund reported a return of 4 per cent. Norway’s sovereign wealth fund books $30 bln profit in third quarterEquities returned 6 per cent, bonds 0.9 per cent, and property 2.4 per cent in the quarter.
Norway’s government is taking more money out of the fund than it is putting in for the first time in history. In the third quarter, NKr30bn was withdrawn, leaving the fund with a market value of NKr7.1tn…………………………………….Full Article: Source


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