Norway's €251bn ($372bn) Government Pension Fund, which is managed by Norges Bank Investment Management, recorded positive third quarter results despite turmoil in the financial markets, but fell in market value because of a stronger krone.

According to Norges Bank Investment Management's quarterly performance report, the Government Pension Fund-Global returned 1.15% overall in the third quarter, with falls in equity prices offset by rising bond prices. Its equity portfolio, which had a strategic benchmark allocation of 40%, returned -0.30% in the third quarter. Fixed income investments, which accounted for the remaining 60% of the strategic benchmark portfolio, returned 2.1% in the third quarter.