The headquarters of the Norges Financial institution, Norway’s central financial institution, in Oslo, Norway, on Tuesday, Jan. 30, 2024.
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Norway’s gigantic sovereign wealth fund on Tuesday reported third-quarter revenue of 835 billion Norwegian kroner ($76.3 billion).
The so-called Authorities Pension Fund World, one of many world’s largest traders, mentioned it had a worth of 18.870 trillion kroner on the finish of September.
The outcomes come shortly after Norges Financial institution Funding Administration (NBIM), which manages the world’s largest sovereign wealth fund, warned that elevated uncertainty and a “utterly totally different geopolitical scenario” meant there have been now extra dangers to world shares.
Norway’s sovereign wealth fund, the world’s largest, was established within the Nineties to speculate the excess revenues of the nation’s oil and fuel sector. Up to now, the fund has put cash in additional than 8,760 firms in 71 nations all over the world.
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