Norway's Wealth Fund Rebounds to Record First-Half Return

Norway's Government Pension Fund Global returned 9.4% in the first half of 2026, earning 1,753 billion kroner — a record in krone terms, per NBIM's 12 August report. That reverses a Q1 loss of roughly $68 billion tied to falling tech stocks. The fund's annualised return since 1998 is 6.64%, making this half-year result notably strong by historical standards.