Key facts
- Norway's sovereign wealth fund lost $29.71 billion in the third quarter.
Norway wealth fund posts $30 billion loss in third quarter
IN SHORT
Norway's $2.3 trillion sovereign wealth fund reported a third-quarter loss of 278 billion Norwegian crowns ($29.71 billion). The fund experienced a negative return of 0.5% on its global investments, primarily due to rising interest rates impacting fixed-income assets.
Key Numbers
2.3 trillionNorway's sovereign wealth fund value
278 billion Norwegian crownsThird-quarter loss
29.71 billionThird-quarter loss in USD
-0.5%Third-quarter investment return
1.5%Average ownership of global listed companies
7,100Companies invested in
Who's Involved
Norway's sovereign wealth fund
world's largest fund that reported a third-quarter loss
Trond Grande
deputy CEO who cited rising interest rates for weaker fixed-income results
↳ Why This Matters
The world's largest sovereign wealth fund's investment performance directly impacts Norway's state revenues derived from oil and gas production.