OSLO (Reuters) -Norway’s sovereign wealth fund earned a 5.8% return on investment in the third quarter, corresponding to a profit of 1.03 trillion Norwegian crowns ($102.56 billion), it said on Wednesday.
“The result is driven by strong returns in the stock market, particularly in basic materials, telecommunications and the financial sector,” Norges Bank Investment Management deputy CEO Trond Grande said in a statement.
The fund’s return was 0.06 percentage point lower than the return on the benchmark index.
The fund held 71.2% of assets in global equities, 26.6% in fixed income, 1.8% in unlisted real estate and 0.4% in unlisted renewable energy infrastructure.
($1 = 10.0431 Norwegian crowns)
(Reporting by Terje Solsvik, editing by Gwladys Fouche)
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