Norway's Government Pension Fund Global posted a negative 0.5% investment return in the third quarter as rising rates hurt bonds, according to NBIM, while a stronger krone also reduced its reported value. Fixed-income investments returned -3.5%, equities gained 0.5%, unlisted real estate rose 0.4%, and unlisted renewable energy infrastructure gained 7.5%. The fund's total value fell by 670 billion kroner, including a 472 billion kroner reduction from the stronger krone, partly offset by an 80 billion kroner addition after management costs. The fund was valued at 22,014 billion kroner on Sept. 30, with equities at 72.1% and fixed income at 25.8%. Its first-half 2026 return was 9.4%, equal to 1,753 billion kroner.
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| Market | US stocks |
|---|---|
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| Close on 10/22/2026 | 763.96 |
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