The office of the Norges Bank, Norway's cardinal bank, successful Oslo, Norway, connected Tuesday, Jan. 30, 2024.
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Norway's gigantic sovereign wealthiness money connected Tuesday reported third-quarter nett of 835 cardinal Norwegian kroner ($76.3 billion), citing a banal marketplace boost from falling involvement rates.
The alleged Government Pension Fund Global, 1 of the world's largest investors, said it had a worth of 18.870 trillion kroner astatine the extremity of September.
The fund's wide instrumentality for the 4th was 4.4%, which was 0.1 percent points little than the instrumentality connected its benchmark index.
"We had a affirmative instrumentality crossed each our concern areas. Falling involvement rates led to a wide emergence successful the banal market," Trond Grande, lawman CEO of Norges Bank Investment Management, said successful a statement.
The results travel soon aft Norges Bank Investment Management (NBIM), which manages the world's largest sovereign wealthiness fund, warned that elevated uncertainty and a "completely antithetic geopolitical situation" meant determination were present much risks to planetary stocks.
Norway's sovereign wealthiness fund, the world's largest, was established successful the 1990s to put the surplus revenues of the country's lipid and state sector. To date, the money has enactment wealth successful much than 8,760 companies successful 71 countries astir the world.
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