Norway Wealth Fund Gains 4% in Third Quarter as Stocks Rise
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Norway’s $890 billion sovereign wealth fund returned 4 percent in the third quarter as stocks rallied amid bets sustained central bank stimulus will prop up a global expansion.
The fund’s return was 240 billion kroner ($30 billion), it said in a statement in Oslo on Friday. It’s stock portfolio rose 6 percent, its bonds gained 0.9 percent and its real estate holdings 2.4 percent.