Norway's Government Pension Fund Global delivered 1032 billion kroner in returns during the third quarter. The fund's strong performance came mainly from stock market gains across materials, telecommunications, and financial sectors.
Deputy CEO Trond Grande said the results reflect solid returns in equity markets. He made the statement in an official press release.
The fund's equity investments returned 7.7 percent during the quarter. Fixed income investments gained 1.4 percent, while unlisted real estate returned 1.1 percent.
By September 30, the fund's total value reached 20,440 billion kroner. This massive sovereign wealth fund represents Norway's savings from oil and gas revenues.
The fund allocated 71.2 percent to stocks and 26.6 percent to fixed income. Unlisted real estate accounted for 1.8 percent, while renewable energy infrastructure made up 0.4 percent.
This performance shows how the world's largest sovereign wealth fund continues to grow despite global economic uncertainties. The fund's diversified approach appears to be paying off with steady returns across different asset classes.