Record profits for Norway’s Government Pension Fund

nbim-chief-yngve-slyngstad

Norges Bank Investment Management (NBIM), Norway's sovereign wealth fund, posted its highest-ever returns on its Government Pension Fund - Global on Tuesday, pointing to a decrease in uncertainty in financial markets.

NBIM said third-quarter returns on the fund hit 13.5%. This surpassed returns on the finance ministry's benchmark portfolio, against which NBIM's returns are measured, by 1.5% overall. The biggest gains came from its fixed income assets portfolio which outperformed the benchmark by

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