Norwegian SWF Returns 7.2 Percent in the 3rd Quarter

According to the NBIM website, “The Government Pension Fund Global returned 7.2 percent, or 199 billion kroner, in the third quarter, driven by gains in global stock and bond markets. The return was the fifth-largest in the fund’s history.”

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“Better-than-expected earnings figures from a range of companies and reduced fears of an economic slowdown in Europe contributed to the stock market rally,” Slyngstad says. “Concern over some southern European countries’ sovereign debt also eased somewhat.”

Read more: NBIM



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