Norway Sovereign Wealth Fund Profit

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gigantic sovereign wealth fund

CNBC

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World’s largest sovereign wealth fund posts $76 billion in quarterly profit as interest rates fall

Summary

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80% Informative

Norway 's sovereign wealth fund reported third-quarter profit of 835 billion Norwegian kroner ( $76.3 billion ) Overall return for the quarter was 4.4% , which was 0.1 percentage points lower than the return on its benchmark index.

Fund attributed its performance to a stock market boost from falling interest rates.

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semi-formal

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English

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