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

Norway’s central bank, Norges Bank, announced that the country’s sovereign wealth fund had a third-quarter profit of 835 billion Norwegian kroner, reaching a value of 18.870 trillion kroner. The fund, known as the Government Pension Fund Global, is one of the largest investors globally. Norges Bank Investment Management, which oversees the fund, expressed concerns about increased uncertainty and geopolitical risks impacting global stocks. Established in the 1990s to invest surplus revenues from the oil and gas sector, the fund has investments in over 8,760 companies across 71 countries. Stay tuned for more updates on this developing story.