World’s largest sovereign wealth fund posts $76 billion profit in latest quarter

Norway‘s massive world record breaking sovereign wealth fund reported a third-quarter profit of 835 billion Norwegian kroner ($76.3 billion) on Tuesday 22nd October 2024.

The fund’s performance was attributed to a stock market surge due to the decline interest rates.

The overall return for the quarter stood at 4.4%, which was 0.1 percentage points below the return of its benchmark index.

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