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Norway's wealth fund rises to $507 bln in Oct

OSLO, Nov 12 (Reuters) - The value of Norway's sovereign wealth fund rose 4.1 percent in October to a preliminary 3.025 trillion Norwegian crowns ($506.8 billion) from 2.906 trillion at the end of September, central bank data showed on Friday. Commonly known as the "oil fund", the Government Pension Fund -- Global invests Norway's oil and gas wealth in foreign stocks and bonds to save for future generations. (Reporting by Oslo newsroom) ( ($1=5.969 Norwegian Crown) Keywords: NORWAY WEALTHFUND/ (walter.gibbs@thomsonreuters.com; +47 22 93 69 62; Reuters Messaging: walter.gibbs.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.

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