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Norway's sovereign wealth fund, the world's largest, reported a profit of about USD 103 billion in the third quarter, marking a 5.8% return on investment. The growth was mainly supported by strong equity performance in sectors such as basic materials, telecommunications, and finance. The fund's return was slightly below its benchmark index by 0.06 percentage point. With a diversified portfolio spanning equities, bonds, real estate, and renewable energy, the fund continues to reflect steady global investment performance.
Norway's sovereign wealth fund, managed by Norges Bank Investment Management (NBIM), reported a profit of around USD 103 billion in the third quarter, driven by a 5.8% return on investment. The fund's performance was largely supported by strong results in global equity markets, particularly in basic materials, telecommunications, and the financial sector. Advertisement
Deputy CEO of NBIM, Trond Grande, said that the positive outcome was mainly a result of solid stock market returns across key industries. He noted that these sectors delivered strong earnings growth and improved investor confidence, contributing to the fund's overall gains during the period.
The fund's return was only 0.06 percentage point lower than its benchmark index, reflecting close alignment with its reference performance. This minor deviation indicates the fund's consistent management approach and focus on maintaining stable results despite ongoing market fluctuations.
As of the end of the quarter, the fund's asset allocation included 71.2% in global equities, 26.6% in fixed income securities, 1.8% in unlisted real estate, and 0.4% in unlisted renewable energy infrastructure. This diversified portfolio continues to support long-term stability and balanced risk exposure.
Norway's sovereign wealth fund, often regarded as one of the most transparent and well-managed funds globally, manages the country's oil revenues for future generations. Over the years, it has benefited from broad exposure to international markets, although it has also faced short-term volatility due to global economic shifts and inflation pressures.
In recent quarters, the fund's performance has reflected changing market dynamics, including fluctuations in commodity prices, interest rate adjustments, and broader equity market trends. Despite these challenges, its steady returns underline the fund's ability to balance growth with long-term sustainability.
Source Reuters
5th Jun, 2025
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