Norway's $2.2 trillion wealth fund posts record 9.4% first-half return

Norway's Government Pension Fund Global returned 9.4 percent in the first half of 2026, generating 1,753 billion kroner — a record high krone return per NBIM's 12 August report. The result reverses a Q1 loss of roughly $68 billion tied to declining tech stocks. The fund's long-run annualised return since 1998 sits at 6.64 percent, making the half-year figure notably strong by historical standards.